Cabell-Huntington Unity Apartments Inc

Analysis

Cabell-Huntington Unity Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in December 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, Cabell-Huntington Unity Apartments Inc reported income of $225k and spending of $294k, spending 131% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $185k to $225k (+21%), an average of +3.9% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cabell-Huntington Unity Apartments Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WV. Charities of a similar size with the same main cause include RVM Bend II Housing Corporation ($225k), Westfield Towers Inc ($225k) and Walter S Brooks Elderly Homes at Ormont Court Inc ($224k).

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 $70k. At year end it held assets of $1.1m against liabilities of $68k, net assets of $1.1m.

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.