Avenue of the Arts Presbyterian-Psc Apartments Inc

Analysis

Avenue of the Arts Presbyterian-Psc Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in March 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avenue of the Arts Presbyterian-Psc Apartments Inc reported income of $914k and spending of $1.2m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $858k to $914k (+6.6%), an average of +1.6% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Avenue of the Arts Presbyterian-Psc Apartments Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Maple Leaf Community Residences Inc ($914k), North Country Affordable Housing Inc ($914k) and Yellow Roof Foundation ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. Other salaries and wages came to $198k. At year end it held assets of $4.3m against liabilities of $8.5m, net assets of -$4.2m. It reported 4 employees.

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.