McCreary Apartments Inc

Analysis

McCreary Apartments Inc is a registered charity in United States, based in Whitley City, KY. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, McCreary Apartments Inc reported income of $331k and spending of $343k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $331k (+22%), an average of +5.1% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McCreary Apartments Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Glenmoira Inc ($331k), Ayer Elderly Housing Partnership Inc ($331k) and 573 Warren Street HD FC ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $81k (24% of expenses). Other salaries and wages came to $43k. At year end it held assets of $630k against liabilities of $18k, net assets of $611k. It reported 2 employees.