Marion Unity Apartments Inc

Analysis

Marion Unity Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in February 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Marion Unity Apartments Inc reported income of $1.0m and spending of $960k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $941k to $1.0m (+7.8%), an average of +1.5% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marion Unity Apartments Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within WV. Charities of a similar size with the same main cause include Regency Senior Housing Inc ($1.0m), St Boniface Gardens Inc ($1.0m) and Astor Assets Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $172k. At year end it held assets of $3.0m against liabilities of $4.2m, net assets of -$1.2m.