Lincoln Unity Apartments Inc

Analysis

Lincoln Unity Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, Lincoln Unity Apartments Inc reported income of $285k and spending of $329k, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $280k to $285k (+1.6%), an average of +0.3% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Unity Apartments Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include Churches of God Home Mission Council of East Pennsylvania Confe ($285k), Ark Christian Child Care Center ($285k) and Bagley Youth Hockey Association ($285k).

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 $59k. At year end it held assets of $833k against liabilities of $286k, net assets of $547k.

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.