St Agnes Apartments Inc

Analysis

St Agnes Apartments Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1987, 39 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 June 2023, St Agnes Apartments Inc reported income of $749k and spending of $860k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $628k to $749k (+19%), an average of +4.5% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Agnes Apartments Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within MO. Charities of a similar size with the same main cause include Homes of Love Inc ($749k), Home Empower ($750k) and Glastonbury Assisted Housing Non-Profit Inc ($748k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 42% of the total. Other salaries and wages came to $151k. At year end it held assets of $2.1m against liabilities of $4.9m, net assets of -$2.8m.

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.