Hereford Apartments

Analysis

Hereford Apartments is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 April 2024, Hereford Apartments reported income of $451k and spending of $374k, spending 83% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $384k to $451k (+17%), an average of +4.1% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hereford Apartments 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 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include San Diego County Bicycle Coalition ($451k), Gorham Community Learning Center Inc ($451k) and Trust to Conserve Northeast Forest Lands ($451k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $74k. At year end it held assets of $858k against liabilities of $779k, net assets of $79k.