Mullins-Roberts Apts Inc

Analysis

Mullins-Roberts Apts Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Mullins-Roberts Apts Inc reported income of $82k and spending of $106k, spending 129% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $77k to $82k (+7.0%), an average of +1.7% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mullins-Roberts Apts Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Arrowhead Place Apartments Inc ($82k), Thomaston Voa Housing Inc ($82k) and First Rock Baptist Church Foundation Incorporated ($82k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $327k against liabilities of $36k, net assets of $292k.

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.