Van Buren Apartments Inc

Analysis

Van Buren Apartments Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2004, 22 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, Van Buren Apartments Inc reported income of $796k and spending of $462k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $796k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Van Buren Apartments Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($796k), Council Towers V Housingdevelopment Fund Corporation ($796k) and Beechview Manor Inc ($796k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $44k. At year end it held assets of $2.3m against liabilities of $866k, net assets of $1.4m. It reported 1 employees.