Philadelphia Presbytery Apartments Inc

Analysis

Philadelphia Presbytery Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in December 1978, 48 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 December 2023, Philadelphia Presbytery Apartments Inc reported income of $935k and spending of $844k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $737k to $935k (+27%), an average of +6.1% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Philadelphia Presbytery Apartments Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Wallkill Senior Housing Development Fund Company Inc ($935k), Moffat Gardens Housing Development Fund Corporation Inc ($935k) and Generous Heart Community Development Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $399k against liabilities of $2.5m, net assets of -$2.1m. It reported 7 employees.