Ican Garden Apartments Inc

Analysis

Ican Garden Apartments Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in November 2002, 24 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 October 2023, Ican Garden Apartments Inc reported income of $74k and spending of $84k, spending 113% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $69k to $74k (+8.0%), an average of +1.9% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ican Garden Apartments Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Wingo Elderly Housing Corporation ($74k), Broadwater Place Inc ($74k) and Wha Inc ($74k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $604k against liabilities of $964k, net assets of -$360k.

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.