Maple Apartments of Richmond

Analysis

Maple Apartments of Richmond is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in September 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maple Apartments of Richmond reported income of $86k and spending of $87k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $86k (+7.8%), an average of +7.8% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maple Apartments of Richmond 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 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Gulf Coast Christian Womens Job Corps-Magdalene House ($86k), West Valley Community Development Corporation ($86k) and Vesta Enteka ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $144k against liabilities of $530k, net assets of -$385k.