Hagan-Trabue Apts Inc

Analysis

Hagan-Trabue Apts Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Hagan-Trabue Apts Inc reported income of $63k and spending of $77k, spending 124% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $55k to $63k (+13%), an average of +3.0% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hagan-Trabue Apts Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within KY. Charities of a similar size with the same main cause include Passavant Memorial Homes Housing Initiative No 1 Inc ($62k), Her Foundation Inc ($63k) and Creative Housing Inc Xiii ($62k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $321k against liabilities of $39k, net assets of $282k.

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.