Armistead Apartments Inc

Analysis

Armistead Apartments Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 2000, 26 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, Armistead Apartments Inc reported income of $164k and spending of $219k, spending 133% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $139k to $164k (+18%), an average of +5.7% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Armistead Apartments Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within AR. Charities of a similar size with the same main cause include Vesta Three Inc ($164k), Mark Lane Housing Corp ($164k) and Russellville Senior Housing Inc ($164k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $658k against liabilities of $218k, net assets of $441k.

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.