Willow Tree Apartments Inc

Analysis

Willow Tree Apartments Inc is a registered charity in United States, based in Clay City, IN. It received its IRS tax-exemption ruling in June 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, Willow Tree Apartments Inc reported income of $257k and spending of $237k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $257k (+119%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Tree Apartments Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include Southern Iowa Cog Housing Trust Fund ($257k), Housing Authority of Olive Hill Kentucky Inc ($257k) and Mighty Hero Home Foundation Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $67k. At year end it held assets of $346k against liabilities of $315k, net assets of $30k. It reported 4 employees.