Anderson Place Apartments Inc

Analysis

Anderson Place Apartments Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1999, 27 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 March 2023, Anderson Place Apartments Inc reported income of $75k and spending of $94k, spending 126% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $83k to $75k (-9.5%), an average of -3.3% a year. The sharpest change came in the year to March 2022, when income dropped by 16%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anderson Place Apartments Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include Lakeview Apartments Inc ($75k), Specialized Housing III Inc ($75k) and Visitation House ($75k).

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 $444k against liabilities of $33k, net assets of $412k.

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.