Episcopal Apartments of the Slate Belt Inc

Analysis

Episcopal Apartments of the Slate Belt Inc is a registered charity in United States, based in Pen Argyl, PA. It received its IRS tax-exemption ruling in July 1980, 46 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 June 2023, Episcopal Apartments of the Slate Belt Inc reported income of $4.7m and spending of $674k, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $4.7m (+349%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 301%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Episcopal Apartments of the Slate Belt Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include George Marston Whitin Memorial Community Association Inc ($4.7m), Opal Community Land Trust ($4.7m) and Cambridge Community Housing Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 11% of the total. Other salaries and wages came to $137k. At year end it held assets of $2.9m against liabilities of $26k, net assets of $2.9m. It reported 6 employees.