Ebc Housing III

Analysis

Ebc Housing III is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ebc Housing III reported income of $443k and spending of $526k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $306k to $443k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ebc Housing III sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Westminster Asbury East Inc ($443k), Senior Citizens Y-House of Beaumont Inc ($443k) and Hamilton Place Housing Corporation ($442k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.4m against liabilities of $4.8m, 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.