Central Manor Apartments Inc

Analysis

Central Manor Apartments Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in April 1978, 48 years ago. 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 December 2023, Central Manor Apartments Inc reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+9.7%), an average of +2.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Manor Apartments Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include South Carolina Sheriffs Association ($1.6m), Masonic Brotherhood Foundation Inc ($1.6m) and George Link Jr Apts for Senior CTZNS Housng Devlp FND Company Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $291k. At year end it held assets of $2.7m against liabilities of $3.8m, net assets of -$1.1m.