Richard Walz Apartments Inc

Analysis

Richard Walz Apartments Inc is a registered charity in United States, based in Jefferson City, MO. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Richard Walz Apartments Inc reported income of $81k and spending of $97k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $60k to $81k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richard Walz Apartments Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within MO. Charities of a similar size with the same main cause include Brattleboro Walk-In Clinic ($81k), Community Care Collective ($81k) and Westbay Alano Club Inc ($81k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $16k. At year end it held assets of $975k against liabilities of $83k, net assets of $892k.

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.