St William Apartments II Inc

Analysis

St William Apartments II Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, St William Apartments II Inc reported income of $408k and spending of $470k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $316k to $408k (+29%), an average of +6.6% a year. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St William Apartments II Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include New York State Dental Foundation ($408k), St William Apartments Inc ($408k) and Kako Retreat Center Inc ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 44% of the total. Other salaries and wages came to $88k. At year end it held assets of $4.0m against liabilities of $4.9m, net assets of -$867k.

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.