Munhall Road Apartments Inc

Analysis

Munhall Road Apartments Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 1997, 29 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 June 2024, Munhall Road Apartments Inc reported income of $103k and spending of $169k, spending 164% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $78k to $103k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 249%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Munhall Road Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Borough Park Housing Development Fund Company Inc ($103k), Breakthrough Phase I ($103k) and Lexington Senior Center Inc ($103k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $8,496. At year end it held assets of $1.0m against liabilities of $1.7m, net assets of -$663k.