Appletree Housing Inc

Analysis

Appletree Housing Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 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 June 2023, Appletree Housing Inc reported income of $92k and spending of $180k, spending 196% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $124k to $92k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Appletree Housing Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Redemption Housing Inc ($92k), Flint Creek Apartments Inc ($92k) and Ivan V Fosheim House Foundation ($92k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $14k. At year end it held assets of $917k against liabilities of $1.9m, net assets of -$999k.