Heritage Apts Inc

Analysis

Heritage Apts Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Apts Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heritage Apts Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Holly Place ($1.9m), Access Inc ($1.9m) and We Love Our City ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 90% of the total. Other salaries and wages came to $280k. At year end it held assets of $4.1m against liabilities of $3.9m, net assets of $258k.