Austinburg Apartments Inc

Analysis

Austinburg Apartments Inc is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in May 1990, 36 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 2024, Austinburg Apartments Inc reported income of $269k and spending of $317k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $249k to $269k (+7.8%), an average of +1.9% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Austinburg Apartments Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Bridge of Hope Harrisonburg-Rocking Ham ($269k), Chase Place Housing Inc ($269k) and Operation Life Seniors Citizens Corporation ($269k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.1m against liabilities of $1.9m, net assets of -$843k. It reported 6 employees.

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.