Mantua Presbyterian Apartments Inc

Analysis

Mantua Presbyterian Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in September 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 December 2023, Mantua Presbyterian Apartments Inc reported income of $762k and spending of $1.2m, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $642k to $762k (+19%), an average of +4.4% a year. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mantua Presbyterian Apartments Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Telacu Hacienda ($762k), Sierra Gateway Senior Residence ($762k) and Dayspring Center Inc ($762k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Other salaries and wages came to $153k. At year end it held assets of $5.4m against liabilities of $10.6m, net assets of -$5.2m. It reported 5 employees.

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.