Central City Apartments Inc

Analysis

Central City Apartments Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Central City Apartments Inc reported income of $155k and spending of $158k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $150k to $155k (+3.3%), an average of +0.8% a year. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central City Apartments Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AR. Charities of a similar size with the same main cause include Guerreras Latinas ($155k), Without Wall Outreach W O W ($155k) and Fostering Together Gulf Coast ($155k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $24k. At year end it held assets of $442k against liabilities of $1.1m, net assets of -$672k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.