Parklane Apartments Inc

Analysis

Parklane Apartments Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in October 1995, 31 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 December 2023, Parklane Apartments Inc reported income of $604k and spending of $562k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $524k to $604k (+15%), an average of +3.6% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parklane Apartments Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within AR. Charities of a similar size with the same main cause include Crown Heights Residence for Adults Housing Development Fund Corp ($604k), Arlington Senior Housing Inc ($604k) and Trumbull Housing Development Corporation ($604k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $54k (9.6% of expenses). Other salaries and wages came to $69k. At year end it held assets of $1.3m against liabilities of $808k, net assets of $498k. It reported 2 employees.