Tel-Hai Apartments Inc

Analysis

Tel-Hai Apartments Inc is a registered charity in United States, based in Honey Brook, PA. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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, Tel-Hai Apartments Inc reported income of $265k and spending of $226k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $258k to $265k (+2.8%), an average of +0.7% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tel-Hai Apartments Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Community Housing Services Inc ($265k), Iglesia de Dios ($265k) and Lacrescent Elderly Housing Group Inc ($265k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $52k. At year end it held assets of $345k against liabilities of $1.4m, net assets of -$1.1m. It reported 2 employees.