Plaza Apartment Inc

Analysis

Plaza Apartment Inc is a registered charity in United States, based in Hays, KS. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Plaza Apartment Inc reported income of $320k and spending of $329k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $320k (-6.7%), an average of -1.7% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plaza Apartment Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KS. Charities of a similar size with the same main cause include Engage Winona ($320k), The Monday Clubhouse Conservancy ($320k) and City of Kingston Local Development Corp ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $43k (13% of expenses). Other salaries and wages came to $27k. At year end it held assets of $941k against liabilities of $1.2m, net assets of -$271k. It reported 8 employees.

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.