Mountain Falls Apartments Inc

Analysis

Mountain Falls Apartments Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in May 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending June 2024, Mountain Falls Apartments Inc reported income of $215k and spending of $262k, spending 122% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $194k to $215k (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mountain Falls Apartments Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Friends of the Forest Preserve ($215k), Norway-Vulcan Senior Citizens Cente R Inc ($215k) and Vegetarian Resource Group ($215k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $48k. At year end it held assets of $843k against liabilities of $40k, net assets of $803k.

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.