Penn Apartments Corporation

Analysis

Penn Apartments Corporation is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in December 1992, 34 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, Penn Apartments Corporation reported income of $71k and spending of $67k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $71k (-0.3%), an average of -0.3% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Penn Apartments Corporation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Hearthstone Non-Profit Corporation ($71k), Habitat for Humanity International Inc ($71k) and Habitat for Humanity International Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $187k against liabilities of $413k, net assets of -$226k.