Unity Court Apartments Inc

Analysis

Unity Court Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in September 1996, 30 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, Unity Court Apartments Inc reported income of $181k and spending of $218k, spending 121% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $159k to $181k (+13%), an average of +2.6% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Unity Court Apartments Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within WV. Charities of a similar size with the same main cause include Edencare Personal Assistance Services ($181k), Flora Apartments Inc ($181k) and South Pointe Housing Inc ($181k).

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 $31k. At year end it held assets of $972k against liabilities of $34k, net assets of $938k.

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.