Academy Place Apartments Inc

Analysis

Academy Place Apartments Inc is a registered charity in United States, based in Knightstown, IN. It received its IRS tax-exemption ruling in April 2019, 7 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 December 2023, Academy Place Apartments Inc reported income of $274k and spending of $259k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $372k to $274k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Academy Place Apartments Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Episcopal Commons Inc ($274k), Willie F Bill Brown Manor Inc ($274k) and Spiti Housing Development Fund Company Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $48k. At year end it held assets of $656k against liabilities of $436k, net assets of $221k. It reported 2 employees.