Kings Crossing Apartments

Analysis

Kings Crossing Apartments is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2009, 17 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, Kings Crossing Apartments reported income of $486k and spending of $774k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $486k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 182% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kings Crossing Apartments sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Public Safety Acadmey Housing Inc ($486k), Greenwood Elderly Housing Inc ($487k) and Cedar Park Place ($486k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $4.6m against liabilities of $284k, net assets of $4.3m.

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.