St Joseph Apartments Inc

Analysis

St Joseph Apartments Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 1978, 48 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 September 2023, St Joseph Apartments Inc reported income of $1.7m and spending of $1.5m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.7m (+4.4%), an average of +1.1% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Joseph Apartments Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Youth and Family Services of Washington County Inc ($1.7m), Mount Nittany Residences Inc ($1.7m) and Christs Harbor Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 53% of the total. At year end it held assets of $7.4m against liabilities of $1.7m, net assets of $5.7m.