Morrisville Presbytarian Apartments Residents Association

Analysis

Morrisville Presbytarian Apartments Residents Association is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in July 1986, 40 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, Morrisville Presbytarian Apartments Residents Association reported income of $1.7m and spending of $1.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+11%), an average of +2.7% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Morrisville Presbytarian Apartments Residents Association 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 83rd percentile within PA. Charities of a similar size with the same main cause include Oikos Development Corporation ($1.7m), Community Homes of Lebanon Valley Inc ($1.7m) and Selk Housing Development Fund Company Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 32% of the total. Other salaries and wages came to $206k. At year end it held assets of $3.7m against liabilities of $4.0m, net assets of -$317k. It reported 3 employees.