Thomas Patrick Maroney Unity Apartments Inc

Analysis

Thomas Patrick Maroney Unity Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in June 2012, 14 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 June 2024, Thomas Patrick Maroney Unity Apartments Inc reported income of $160k and spending of $244k, spending 153% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $126k to $160k (+27%), an average of +4.9% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thomas Patrick Maroney Unity Apartments Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WV. Charities of a similar size with the same main cause include Building and Construction Trade Group Inc ($160k), River Park Apartments Inc ($160k) and Lcip III Inc ($160k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $2.1m against liabilities of $49k, net assets of $2.0m.

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.