Hempfield Apartments South

Analysis

Hempfield Apartments South is a registered charity in United States, based in Sharon, PA. It received its IRS tax-exemption ruling in October 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 June 2024, Hempfield Apartments South reported income of $168k and spending of $262k, spending 156% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $143k to $168k (+18%), an average of +3.3% a year. Over the whole period it spent 167% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hempfield Apartments South sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Town of Islip Housing Development Corporation ($168k), Win Project ($168k) and Good Shepherd of Washington ($168k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $24k. At year end it held assets of $2.9m against liabilities of $4.1m, 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.