Apartment Life Inc

Analysis

Apartment Life Inc is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Apartment Life Inc reported income of $31.1m and spending of $30.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.8m to $31.1m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Apartment Life Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include American Family Association Inc ($31.0m), Real Life Ministry ($31.4m) and Lionheart Childrens Academy ($31.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $781k (2.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $7.7m against liabilities of $2.8m, net assets of $4.9m. It reported 260 employees.