Metro Plaza Apartments Incorporated C O Thomas Nolan

Analysis

Metro Plaza Apartments Incorporated C O Thomas Nolan is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in March 1994, 32 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 June 2023, Metro Plaza Apartments Incorporated C O Thomas Nolan reported income of $1.8m and spending of $1.3m, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.8m (+35%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro Plaza Apartments Incorporated C O Thomas Nolan sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Ken-Ton Presbyterian Village Housing Development Fund Co Inc ($1.8m), Immanuel Sobriety ($1.8m) and Tucson Hebrew Home Realty ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $224k. At year end it held assets of $4.6m against liabilities of $124k, net assets of $4.5m. It reported 38 employees.