Holy Angels Apartments Inc

Analysis

Holy Angels Apartments Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in January 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Holy Angels Apartments Inc reported income of $515k and spending of $672k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $408k to $515k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Angels Apartments Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include Delaware County Transportation Management Association ($515k), Destiny Church ($516k) and National Society of Black Engineers ($515k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 52% of the total. Other salaries and wages came to $132k. At year end it held assets of $3.9m against liabilities of $5.6m, net assets of -$1.7m.

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.