Union Avenue Apartments Inc

Analysis

Union Avenue Apartments Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in April 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 December 2023, Union Avenue Apartments Inc reported income of $131k and spending of $158k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $131k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Union Avenue Apartments Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Nickel City Housing Corp ($131k), Ghi Ltd ($131k) and Pams Promise Transitional Housing Center Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 26% of the total. Other salaries and wages came to $20k. At year end it held assets of $779k against liabilities of $13k, net assets of $766k.