Troy Apartments Inc

Analysis

Troy Apartments Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Troy Apartments Inc reported income of $572k and spending of $735k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $488k to $572k (+17%), an average of +4.0% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Troy Apartments Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Eldercare Initiatives Inc ($572k), Eskaton Roseville Manor ($572k) and St Pauls Villa Inc ($572k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $79k. At year end it held assets of $4.1m against liabilities of $6.2m, net assets of -$2.1m.

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.