Bell Mansion Apartments Inc

Analysis

Bell Mansion Apartments Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in May 1998, 28 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, Bell Mansion Apartments Inc reported income of $303k and spending of $325k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $303k (+8.5%), an average of +2.0% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bell Mansion Apartments Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Horizon Community Development Corporation ($303k), Chalon Living Inc ($303k) and Ahepa 310 of Citronelle Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.2m against liabilities of $38k, net assets of $1.2m.

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.