Mangum Golden Age Apartments Inc

Analysis

Mangum Golden Age Apartments Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in September 1979, 47 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 September 2023, Mangum Golden Age Apartments Inc reported income of $404k and spending of $412k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $396k to $404k (+2.1%), an average of +0.5% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mangum Golden Age Apartments Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within OK. Charities of a similar size with the same main cause include Ilazaro Charity ($404k), Housing Development Corporation of Macon and Taylor County ($404k) and Pelican House Inc ($403k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $69k. At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$172k.