Murphy Lake Apartments Housing Corporation

Analysis

Murphy Lake Apartments Housing Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Murphy Lake Apartments Housing Corporation reported income of $219k and spending of $304k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $219k (+33%), an average of +7.4% a year. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Murphy Lake Apartments Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within MO. Charities of a similar size with the same main cause include Pollywog Creek Senior Housing Incorporated ($218k), Wellstone Commons Senior Housing ($219k) and Gateway Accessible Housing III Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $2.0m against liabilities of $68k, net assets of $1.9m.

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.