Old Middleton Road Apartments Inc

Analysis

Old Middleton Road Apartments Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 2004, 22 years ago. 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, Old Middleton Road Apartments Inc reported income of $89k and spending of $114k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $89k (+27%), an average of +6.2% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Middleton Road Apartments Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within WI. Charities of a similar size with the same main cause include Lake County Oregon Library Endowment Fund Inc ($89k), Education Foundation of Forest Grove ($89k) and Little League Baseball Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $783k against liabilities of $366k, net assets of $418k.

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.