University Properties Inc

Analysis

University Properties Inc is a registered charity in United States, based in East Stroudsburg, PA. It received its IRS tax-exemption ruling in July 2004, 22 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, University Properties Inc reported income of $8.4m and spending of $9.2m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $12.9m to $8.4m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 480%. 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, University Properties Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Lynchburg Baptist Retirement Community LLC ($8.4m), Encino Gardens Inc ($8.4m) and Ebenezer Primm Towers Inc ($8.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $55.2m against liabilities of $63.0m, net assets of -$7.8m.

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.