Lynndale West Apartments Inc

Analysis

Lynndale West Apartments Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lynndale West Apartments Inc reported income of $96k and spending of $110k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $87k to $96k (+11%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lynndale West Apartments Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include Gardner Emergency Housing Mission ($96k), Ahora Inc ($96k) and Tyee Court Housing Inc ($96k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $32k. At year end it held assets of $438k against liabilities of $122k, net assets of $316k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.