Riverside Presbyterian Apartments Inc

Analysis

Riverside Presbyterian 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, Riverside Presbyterian Apartments Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+11%), an average of +2.7% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside Presbyterian 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 Ryer Avenue Housing Development Fund Corp ($2.0m), San Antonio Alternative Housing Corporation ($2.0m) and Pro Viviendas II Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $498k. At year end it held assets of $3.2m against liabilities of $256k, net assets of $2.9m. It reported 14 employees.