Calhound Presbyterian Apartments Foundation

Analysis

Calhound Presbyterian Apartments Foundation is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in July 1979, 47 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Calhound Presbyterian Apartments Foundation reported income of $1.7m and spending of $229k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $991k to $1.7m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Calhound Presbyterian Apartments Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Japanese American Service Committee Housing Corp ($1.7m), Germantown Interfaith Housing Inc ($1.7m) and The Education Foundation for Joint School District 2 Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 11% of the total. Other salaries and wages came to $28k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.