Haygood-Neal Garden Apartments Inc

Analysis

Haygood-Neal Garden Apartments Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1980, 46 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Haygood-Neal Garden Apartments Inc reported income of $608k and spending of $788k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $761k to $608k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Haygood-Neal Garden Apartments Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Day Worker Center of Mountain View ($608k), Mount Sopris Nordic Council Inc ($608k) and High Hopes Colorado ($608k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $82k. At year end it held assets of $695k against liabilities of $1.0m, net assets of -$321k. It reported 11 employees.