River Park Apartments Inc

Analysis

River Park Apartments Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in March 2001, 25 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 2022, River Park Apartments Inc reported income of $160k and spending of $178k, spending 112% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income grew from $158k to $160k (+1.3%), an average of +0.7% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, River Park Apartments Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AR. Charities of a similar size with the same main cause include Thomas Patrick Maroney Unity Apartments Inc ($160k), Community Outreach Ministries Inc ($160k) and Building and Construction Trade Group Inc ($160k).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $774k against liabilities of $1.1m, net assets of -$364k. It reported 2 employees.

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.