Fowler Christian Apartments Inc

Analysis

Fowler Christian Apartments Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fowler Christian Apartments Inc reported income of $2.8m and spending of $3.7m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.8m (+22%), an average of +5.1% a year. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fowler Christian Apartments Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Naples Historical Society Inc ($2.8m), Mike Silva Evangelism International Inc ($2.8m) and The Young Women Christian Association of Topeka Kansas ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.1m against liabilities of $7.3m, net assets of -$2.2m.

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.