Archway Apartments Inc

Analysis

Archway Apartments Inc is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in January 1988, 38 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 2023, Archway Apartments Inc reported income of $182k and spending of $189k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $167k to $182k (+9.4%), an average of +9.4% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Archway Apartments Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within AR. Charities of a similar size with the same main cause include Handicapped Housing of Spring Grove Inc ($182k), Women in Need Inc ($182k) and Chester Township Fire Company ($182k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $361k against liabilities of $295k, net assets of $66k.