Blair Apartments Inc

Analysis

Blair Apartments Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in March 2002, 24 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 December 2023, Blair Apartments Inc reported income of $307k and spending of $270k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $307k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blair Apartments Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Tifton Housing Partners Inc ($307k), Apple Valley Senior Housing Corp ($307k) and Wecgod II Inc ($307k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $324k against liabilities of $386k, net assets of -$62k.