Friendly Temple Apartments II Inc

Analysis

Friendly Temple Apartments II Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in December 2005, 21 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, Friendly Temple Apartments II Inc reported income of $528k and spending of $673k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $528k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendly Temple Apartments II Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within MO. Charities of a similar size with the same main cause include Ellis Neighborhood Development Corporation ($528k), National Housing Associates Inc ($528k) and Christian Center Housing Corporation ($528k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 74% of the total. Other salaries and wages came to $47k. At year end it held assets of $3.9m against liabilities of $5.7m, net assets of -$1.8m.

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.