Tioga Presbyterian Apartments Inc

Analysis

Tioga Presbyterian Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in August 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 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, Tioga Presbyterian Apartments Inc reported income of $1.3m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.3m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tioga Presbyterian Apartments Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include North General AIDS Housing Development Fund Corporation ($1.3m), Little Manatee Housing Corporation ($1.3m) and Rebuilding Together Sacramento ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Other salaries and wages came to $231k. At year end it held assets of $1.9m against liabilities of $9.6m, net assets of -$7.7m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.