Eastwood Apartments Inc

Analysis

Eastwood Apartments Inc is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 March 2023, Eastwood Apartments Inc reported income of $56k and spending of $48k, spending 86% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $57k to $56k (-1.0%), an average of -0.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastwood Apartments Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within WI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($56k), Sickle Cell Association of Hillsborsough County Inc ($56k) and Mississippi Press Association Education Foundation ($56k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $9,797. At year end it held assets of $79k against liabilities of $214k, net assets of -$135k.