South Charleston Unity Apartments Inc

Analysis

South Charleston Unity Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in November 1995, 31 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, South Charleston Unity Apartments Inc reported income of $290k and spending of $370k, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $248k to $290k (+17%), an average of +3.2% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Charleston Unity Apartments Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within WV. Charities of a similar size with the same main cause include Better Homes Inc ($290k), Rose of Mary Terrace a Nonprofitcorporation ($290k) and Boone Regency Retirement ($290k).

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 $65k. At year end it held assets of $1.5m against liabilities of $78k, net assets of $1.4m.

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.