King Hill Apartments Inc

Analysis

King Hill Apartments Inc is a registered charity in United States, based in Saint Joseph, MO. It received its IRS tax-exemption ruling in July 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, King Hill Apartments Inc reported income of $100k and spending of $204k, spending 203% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $101k to $100k (-0.4%), an average of -0.1% a year. Over the whole period it spent 174% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, King Hill Apartments Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within MO. Charities of a similar size with the same main cause include Loaves and Fishes Housing Inc ($100k), LSSH Housing South Willow Inc ($100k) and Newhouse Inc ($100k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $853k against liabilities of $1.6m, net assets of -$701k.

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.