Judes Place Apartments Inc

Analysis

Judes Place Apartments Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Judes Place Apartments Inc reported income of $103k and spending of $125k, spending 121% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $69k to $103k (+49%), an average of +14% a year. The sharpest change came in the year to March 2023, when income rose by 36%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Judes Place Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within KY. Charities of a similar size with the same main cause include Le Vision Community Development Corporation ($103k), Jonquil Development Corporation ($104k) and Mosaic Housing Corp XII ($103k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 73% of the total. At year end it held assets of $626k against liabilities of $22k, net assets of $604k.

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.