Keystone Place Housing Corporation

Analysis

Keystone Place Housing Corporation is a registered charity in United States, based in Saint Joseph, MO. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Keystone Place Housing Corporation reported income of $114k and spending of $169k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $114k (+18%), an average of +4.3% a year. Over the whole period it spent 159% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Keystone Place Housing Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MO. Charities of a similar size with the same main cause include Dreamscapes Building Visions Inc ($114k), McRae Senior Housing Inc ($114k) and MHCCC Housing Corp II C ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $13k. At year end it held assets of $2.1m against liabilities of $2.5m, net assets of -$406k.

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.