Dome District Apartments

Analysis

Dome District Apartments is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 2000, 26 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, Dome District Apartments reported income of $151k and spending of $151k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $151k (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dome District Apartments 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 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Ocl Properties VIII Inc ($151k), Lincoln-Lemington Enhanced Housing Inc ($151k) and Asi Greeley Inc a Colorado Corporation ($151k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $12k. At year end it held assets of $727k against liabilities of $1.1m, net assets of -$403k.