New Morning Apartments Inc

Analysis

New Morning Apartments Inc is a registered charity in United States, based in Cpe Girardeau, MO. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, New Morning Apartments Inc reported income of $76k and spending of $119k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $76k (+7.5%), an average of +1.8% a year. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Morning Apartments Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MO. Charities of a similar size with the same main cause include Community Homebuyers Corporation ($76k), Titus House Inc ($76k) and Faith Residence Apartments Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.3m against liabilities of $8,004, net assets of $1.3m.

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.