Hobson City Apartments LLC

Analysis

Hobson City Apartments LLC is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Hobson City Apartments LLC reported income of $248k and spending of $175k, leaving 29% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $207k to $248k (+20%), an average of +4.6% a year. The sharpest change came in the year to March 2022, when income rose by 55%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hobson City Apartments LLC sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AL. Charities of a similar size with the same main cause include Disciples Housing of Odessa Texas II Inc ($248k), McGee Plaza Housing Development Fund Corporation ($248k) and 228 E46 Housing Development Fund Corporation ($248k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Other salaries and wages came to $17k. At year end it held assets of $509k against liabilities of $600k, net assets of -$91k.