West Apartments Inc

Analysis

West Apartments Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in November 1977, 49 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, West Apartments Inc reported income of $1.0m and spending of $999k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.4m to $1.0m (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Apartments Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within AR. Charities of a similar size with the same main cause include Penwal Affordable Housing Corporation ($1.0m), Greenvale Place of Northfield Inc ($1.0m) and Kankakee County Housing Developmentcorporation NFP ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $195k. At year end it held assets of $2.0m against liabilities of $1.4m, net assets of $534k.