Highland Terrace of Prestonsburg Inc

Analysis

Highland Terrace of Prestonsburg Inc is a registered charity in United States, based in Prestonsburg, KY. It received its IRS tax-exemption ruling in April 1987, 39 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 2023, Highland Terrace of Prestonsburg Inc reported income of $774k and spending of $733k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $714k to $774k (+8.4%), an average of +2.7% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highland Terrace of Prestonsburg Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Easthampton Housing for the Elderly Inc ($774k), Evangelical Manor Inc Nonprofit Housing Corporation ($774k) and Samaritan Inn Inc ($774k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.0m against liabilities of $1.9m, net assets of -$857k.