Kelly Apartments Inc

Analysis

Kelly Apartments Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1993, 33 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, Kelly Apartments Inc reported income of $54k and spending of $90k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $54k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 148% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kelly Apartments Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include William Counseling Group Inc ($54k), Mailbox Money Community Foundation ($54k) and Mourning Dove Ministries Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $265k against liabilities of $247k, net assets of $18k.

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.