St William Apartments Inc

Analysis

St William Apartments Inc is a registered charity in United States, based in Saint Louis, MO. 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 June 2023, St William Apartments Inc reported income of $408k and spending of $490k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $330k to $408k (+24%), an average of +5.4% a year. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St William Apartments Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include St William Apartments II Inc ($408k), Owatonna Independent School District No 761 Foundation ($408k) and New York State Dental Foundation ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. Other salaries and wages came to $92k. At year end it held assets of $3.6m against liabilities of $4.7m, net assets of -$1.1m.

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.