Our Lady of Life Apartments Inc

Analysis

Our Lady of Life Apartments Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Our Lady of Life Apartments Inc reported income of $4.5m and spending of $4.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $4.5m (+8.8%), an average of +2.1% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Lady of Life Apartments Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Hand2hand ($4.5m), Youth on Their Own ($4.5m) and Guardians of Love ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $50k (1.2% of expenses). Other salaries and wages came to $609k. At year end it held assets of $8.4m against liabilities of $20.9m, net assets of -$12.5m.