Academy Garden Apartments Inc

Analysis

Academy Garden Apartments Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in January 2023, 3 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 September 2023, Academy Garden Apartments Inc reported income of $229k and spending of $303k, spending 132% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $223k to $229k (+2.6%), an average of +2.6% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Academy Garden Apartments Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within HI. Charities of a similar size with the same main cause include Kohala Union Housing Corporation ($229k), Livonia Housing Development Fund Co Inc ($229k) and Coshocton Area Housing Corporation ($229k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 44% of the total. Other salaries and wages came to $11k. At year end it held assets of $690k against liabilities of $30k, net assets of $660k. It reported 1 employees.