McKee Street Apartments

Analysis

McKee Street Apartments is a registered charity in United States, based in Jefferson City, MO. It received its IRS tax-exemption ruling in March 2015, 11 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, McKee Street Apartments reported income of $93k and spending of $148k, spending 158% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $80k to $93k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 178% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKee Street Apartments sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MO. Charities of a similar size with the same main cause include Wilmiingtons Residential Adolescent Achievement Place ($93k), Valley of the Sun School Properties Three ($93k) and Halos and Hearts Foundation ($93k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 55% of the total. Other salaries and wages came to $16k. At year end it held assets of $1.5m against liabilities of $1.7m, net assets of -$228k.

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.