Rome Apartments Inc

Analysis

Rome Apartments Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2023, Rome Apartments Inc reported income of $171k and spending of $217k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $171k (+2.2%), an average of +0.5% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rome Apartments Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Pals N Pets Inc ($171k), Margaret Bock Housing ($171k) and Charm City Land Trusts Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Other salaries and wages came to $27k. At year end it held assets of $522k against liabilities of $1.4m, net assets of -$920k.

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.