Old City Presbyterian Apartments Inc

Analysis

Old City Presbyterian Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Old City Presbyterian Apartments Inc reported income of $993k and spending of $977k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $928k to $993k (+7.0%), an average of +1.7% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Old City Presbyterian Apartments Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Trinity Haven Inc ($992k), Edna Brooks Foundation Inc ($993k) and Bryant Temple Ame ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Other salaries and wages came to $181k. At year end it held assets of $2.5m against liabilities of $5.8m, net assets of -$3.3m. It reported 6 employees.