Beltzhoover Apartments Inc

Analysis

Beltzhoover Apartments Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1957, 69 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Beltzhoover Apartments Inc reported income of $193k and spending of $241k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $169k to $193k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2020, when income rose by 91%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beltzhoover Apartments Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Cornerstone Center for Economic Opportunity ($193k), International Association of Heat & Frost Insulators and Allied Worker ($193k) and One Economy ($193k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 28% of the total. Other salaries and wages came to $6,600. At year end it held assets of $857k against liabilities of $2.0m, net assets of -$1.1m.

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.