Tyro School Apartments Inc

Analysis

Tyro School Apartments Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2009, 17 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, Tyro School Apartments Inc reported income of $132k and spending of $190k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $129k to $132k (+2.5%), an average of +0.6% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tyro School Apartments Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Meadowood Glen II Limited ($132k), Wentworth Corporation ($132k) and East Bay Realty Corporation II ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $1.4m against liabilities of $16k, net assets of $1.4m.

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.