Greenway Presbyterian Apartments Inc

Analysis

Greenway Presbyterian Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in August 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 December 2023, Greenway Presbyterian Apartments Inc reported income of $7.4m and spending of $1.1m, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $579k to $7.4m (+1174%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 728%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenway Presbyterian Apartments Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Ocean State Assisted Living ($7.4m), Housing Partners I Incorporated ($7.4m) and City Rescue Mission ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 3.9% of the total. Other salaries and wages came to $115k. At year end it held assets of $3.9m against liabilities of $478k, net assets of $3.4m. It reported 1 employees.