Hospitality Apartments

Analysis

Hospitality Apartments is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1972, 54 years ago. 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 December 2023, Hospitality Apartments reported income of $379k and spending of $488k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $835k to $379k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospitality Apartments sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include North Carolina Tennis Foundation Inc ($379k), International Peace Group ($379k) and International Action Ministries Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 6.2% of the total. At year end it held assets of $4.3m against liabilities of $11k, net assets of $4.3m.

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.