St Timothy Park Apartments Inc

Analysis

St Timothy Park Apartments Inc is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in February 2007, 19 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, St Timothy Park Apartments Inc reported income of $387k and spending of $525k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $373k to $387k (+3.7%), an average of +0.9% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Timothy Park Apartments Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Progressive Hope House Inc ($386k), Abundant Life of Perrysburg 2 Inc ($387k) and Saint Elizabeth Terrace Warwick ($386k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.5m against liabilities of $159k, net assets of $2.4m.

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.