Cross Lanes Unity Apartments Inc

Analysis

Cross Lanes Unity Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in May 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cross Lanes Unity Apartments Inc reported income of $279k and spending of $315k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $212k to $279k (+31%), an average of +5.6% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cross Lanes Unity Apartments Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include Haven of Manitowoc County Inc ($279k), St Lukes Senior Housing Inc ($279k) and Family Promise of Greater Kingsport ($279k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 80% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.3m against liabilities of $78k, net assets of $1.2m.

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.