Brandon Apartments Inc

Analysis

Brandon Apartments Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Brandon Apartments Inc reported income of $144k and spending of $175k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $144k (+0.4%), an average of +0.1% a year. Over the whole period it spent 130% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brandon Apartments Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Potosi Rescue Squad ($144k), Chix4acause Ltd ($144k) and Heartspace Clinic ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $19k. At year end it held assets of $885k against liabilities of $1.5m, net assets of -$658k.

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.