Adams Bodine Apartments Inc

Analysis

Adams Bodine Apartments Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2003, 23 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 March 2023, Adams Bodine Apartments Inc reported income of $89k and spending of $115k, spending 128% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $77k to $89k (+16%), an average of +3.9% 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, Adams Bodine Apartments Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within KY. Charities of a similar size with the same main cause include Mosaic Housing Corp XV Council Bluffs ($89k), Homeward Bound Housing Corporation ($89k) and The Bancroft House a Family Sanctuary ($89k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $660k against liabilities of $65k, net assets of $595k.

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.