Holy Trinity Apartments Inc

Analysis

Holy Trinity Apartments Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 2007, 19 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, Holy Trinity Apartments Inc reported income of $107k and spending of $168k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $107k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holy Trinity Apartments Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Nativity Housing Development Fund Company Inc ($107k), Ashmore Homes Inc ($107k) and Ken-Crest Housing Pa 2009 Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 59% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.0m against liabilities of $1.8m, net assets of -$765k.

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.