Justin C Stewart Plaza Housing Corporation

Analysis

Justin C Stewart Plaza Housing Corporation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Justin C Stewart Plaza Housing Corporation reported income of $137k and spending of $184k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $135k to $137k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Justin C Stewart Plaza Housing Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within UT. Charities of a similar size with the same main cause include Bicentennial Apartments Inc ($137k), Fountainville Project Inc ($137k) and Butte County Affordable Housing Dev Corp a Cal Nonprf Pub Benefit Corp ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $9,777. At year end it held assets of $423k against liabilities of $887k, net assets of -$464k.

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.