Academic Properties Inc

Analysis

Academic Properties Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 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 supporting organisation under section 501(c)(3).

In the financial year ending June 2023, Academic Properties Inc reported income of $8.2m and spending of $5.3m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $8.2m (+5.9%), an average of +1.5% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Academic Properties Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($8.2m), Helping Hands Housing Services ($8.2m) and Eugene Mission ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 79% of the total. Compensation of current officers, directors and key employees was $104k (1.9% of expenses). Other salaries and wages came to $303k. At year end it held assets of $32.6m against liabilities of $1.5m, net assets of $31.1m. It reported 8 employees.