Washington Avenue Apartments Corp

Analysis

Washington Avenue Apartments Corp is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Washington Avenue Apartments Corp reported income of $57k and spending of $70k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $57k (-2.8%), an average of -2.8% a year. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Washington Avenue Apartments Corp sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within WV. Charities of a similar size with the same main cause include Elevate Hope House ($57k), Forever Young Activity Center ($57k) and Nellie Prather Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $444k against liabilities of $59k, net assets of $385k.