Southwest Philadelphia Presbytery Apartments Inc

Analysis

Southwest Philadelphia Presbytery Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in January 1993, 33 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, Southwest Philadelphia Presbytery Apartments Inc reported income of $11.6m and spending of $1.2m, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $852k to $11.6m (+1260%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 969%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southwest Philadelphia Presbytery Apartments Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Opa-Locka Community Development Corporation Inc ($11.6m), Coalfield Development Corporation ($11.6m) and Western Region Nonprofit Housing Corporation ($11.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 3.9% of the total. Other salaries and wages came to $178k. At year end it held assets of $5.8m against liabilities of $300k, net assets of $5.5m. It reported 3 employees.