St Francis Xavier Apartments Inc

Analysis

St Francis Xavier Apartments Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in August 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 March 2024, St Francis Xavier Apartments Inc reported income of $194k and spending of $294k, spending 151% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $175k to $194k (+11%), an average of +2.1% a year. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Francis Xavier Apartments Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Without Walls Community Development Corporation ($194k), Warren Plaza Inc ($194k) and Montana Continuum of Care Coalition ($194k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 42% and program service revenue 54% of the total. At year end it held assets of $2.0m against liabilities of $3.0m, net assets of -$924k.

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.