Russellville Heritage Apartments Inc

Analysis

Russellville Heritage Apartments Inc is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in September 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Russellville Heritage Apartments Inc reported income of $141k and spending of $120k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $142k to $141k (-0.8%), an average of -0.8% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Russellville Heritage Apartments Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within AR. Charities of a similar size with the same main cause include Harold Court ($141k), Abilities at Bartons Landing Inc ($141k) and Newburyport Affordable Housing Corporation ($141k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $196k against liabilities of $208k, net assets of -$12k.