Mount Nittany Residences Inc

Analysis

Mount Nittany Residences Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in July 1981, 45 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 2024, Mount Nittany Residences Inc reported income of $1.7m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $1.5m to $1.7m (+8.7%), an average of +2.1% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Nittany Residences 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 St Joseph Apartments Inc ($1.7m), Houston Heights Tower Service Corp ($1.7m) and Youth and Family Services of Washington County Inc ($1.7m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 48% and program service revenue 46% of the total. Other salaries and wages came to $299k. At year end it held assets of $2.6m against liabilities of $3.8m, net assets of -$1.2m.