B L Trevathan Hatler E Morgan Elderly Housing Inc

Analysis

B L Trevathan Hatler E Morgan Elderly Housing Inc is a registered charity in United States, based in Benton, KY. It received its IRS tax-exemption ruling in June 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, B L Trevathan Hatler E Morgan Elderly Housing Inc reported income of $237k and spending of $273k, spending 115% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $182k to $237k (+30%), an average of +6.7% a year. The sharpest change came in the year to March 2024, when income rose by 27%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, B L Trevathan Hatler E Morgan Elderly Housing Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Silver Meadow Inc ($237k), Compass Center Housing Development ($237k) and Maxcen Housing Society ($237k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 37% and program service revenue 47% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.1m against liabilities of $1.8m, net assets of -$759k.

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.