St Vincents Apartments Housing Development Company Inc

Analysis

St Vincents Apartments Housing Development Company Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, St Vincents Apartments Housing Development Company Inc reported income of $722k and spending of $702k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $775k to $722k (-6.8%), an average of -1.8% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincents Apartments Housing Development Company Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Glass Axis ($722k), Association for the Elderly of the Virgin Islands Inc ($722k) and Open Media Foundation ($722k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Other salaries and wages came to $155k. At year end it held assets of $4.1m against liabilities of $2.4m, net assets of $1.6m.