Holy Angels Apartments II Inc

Analysis

Holy Angels Apartments II Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Holy Angels Apartments II Inc reported income of $520k and spending of $666k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $438k to $520k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 120% 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 II 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 69th percentile within MO. Charities of a similar size with the same main cause include Pumpkin Patch Preschool Inc ($519k), Gateway Community College Foundation Inc ($520k) and American School Health Association ($519k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. Other salaries and wages came to $151k. At year end it held assets of $4.1m against liabilities of $5.3m, net assets of -$1.2m.

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.