Embury Apartments

Analysis

Embury Apartments is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in July 1971, 55 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, Embury Apartments reported income of $1.1m and spending of $541k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Embury Apartments sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.1m), East Bay Housing Organizations ($1.1m) and Ofarrell Senior Housing Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $78k (14% of expenses). Other salaries and wages came to $254k. At year end it held assets of $15.6m against liabilities of $55k, net assets of $15.6m. It reported 12 employees.