Heather Apartment Associates

Analysis

Heather Apartment Associates is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Heather Apartment Associates reported income of $161k and spending of $153k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $161k (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heather Apartment Associates sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Auto Dealers United for Children ($161k), Burlington Area Community YMCA Endowment Foundation ($161k) and Just Basics Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $989k against liabilities of $1.8m, net assets of -$828k.