Highview Unity Apartments Inc

Analysis

Highview Unity Apartments Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in November 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Highview Unity Apartments Inc reported income of $207k and spending of $243k, spending 117% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $174k to $207k (+19%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highview Unity Apartments Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WV. Charities of a similar size with the same main cause include Fred Woods Home Inc ($207k), Another Chance House of Refuge ($207k) and Silver Lake Senior Housing Corporation ($207k).

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 $39k. At year end it held assets of $1.1m against liabilities of $52k, 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.