Hylton Point Apartments Inc

Analysis

Hylton Point Apartments Inc is a registered charity in United States, based in St Louis, MO. It received its IRS tax-exemption ruling in December 2016, 10 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, Hylton Point Apartments Inc reported income of $788k and spending of $867k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $662k to $788k (+19%), an average of +4.5% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hylton Point Apartments Inc sits at the 67th percentile: it is larger than about 67% 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 Wesley Apartments-A Methodist Home for the Aging Inc ($788k), Colony Lane Non-Profit Housing Corporation ($789k) and Peter Maurin House Inc Dba Hope House ($788k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $232k. At year end it held assets of $1.9m against liabilities of $115k, net assets of $1.8m.

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.