Port Vue Apartments Inc

Analysis

Port Vue Apartments Inc is a registered charity in United States, based in N Versailles, PA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Port Vue Apartments Inc reported income of $240k and spending of $289k, spending 120% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $242k to $240k (-0.9%), an average of -0.2% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Port Vue Apartments Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Handy Dandy Handyman Co ($240k), Muskogee Housing Assistance Corporation ($240k) and Story County Housing Trust ($240k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $254k against liabilities of $992k, net assets of -$738k.

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.