Kentucky Senior Citizens Apartments Inc

Analysis

Kentucky Senior Citizens Apartments Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in November 1965, 61 years ago. 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 December 2023, Kentucky Senior Citizens Apartments Inc reported income of $361k and spending of $103k, leaving 72% of income unspent that year. Across the 6 years on record, from October 2019 to December 2023, income grew from $337k to $361k (+7.2%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 774%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Senior Citizens Apartments Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($361k), Ashtabula Arts Center Foundation ($361k) and Hacienda Involved Parents and Staff Staff ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 20% of the total. Other salaries and wages came to $52k. At year end it held assets of $3.9m against liabilities of $30k, net assets of $3.8m. It reported 20 employees.