Georgia Belle Apartments Inc

Analysis

Georgia Belle Apartments Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Georgia Belle Apartments Inc reported income of $2.0m and spending of $1.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Georgia Belle Apartments Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Ryhans Center of Hope Inc ($2.0m), Home Builders Care Inc ($2.0m) and Josephs House of Camden ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $469k. At year end it held assets of $9.2m against liabilities of $8.0m, net assets of $1.2m. It reported 10 employees.