Morehouse Senior Apartments Inc

Analysis

Morehouse Senior Apartments Inc is a registered charity in United States, based in Bastrop, LA. It received its IRS tax-exemption ruling in August 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Morehouse Senior Apartments Inc reported income of $86k and spending of $126k, spending 147% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $92k to $86k (-7.0%), an average of -1.4% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Morehouse Senior Apartments Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within LA. Charities of a similar size with the same main cause include Change to Come ($86k), Albany Area Housing Opportunities Inc ($86k) and Wakeland Opportunities for Affordable Housing ($86k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $654k against liabilities of $1.0m, net assets of -$393k.

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.