Poux Apartments Inc

Analysis

Poux Apartments Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 1999, 27 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 March 2024, Poux Apartments Inc reported income of $105k and spending of $127k, spending 121% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $85k to $105k (+23%), an average of +4.3% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poux Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Mesa to Mesa ($105k), Corpus Christi Finance Corporation ($105k) and Haven Homes ($105k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 78% and program service revenue 19% of the total. At year end it held assets of $542k against liabilities of $712k, net assets of -$169k.

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.