Key Vista Apartments Inc

Analysis

Key Vista Apartments Inc is a registered charity in United States, based in Lecanto, FL. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Key Vista Apartments Inc reported income of $78k and spending of $98k, spending 125% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $85k to $78k (-8.2%), an average of -2.8% a year. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Key Vista Apartments Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Turkeys & More ($78k), Alsama Project Inc ($78k) and Waves 4 K I D S ($78k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $401k against liabilities of $19k, net assets of $382k.

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.