Eastwood of Ames Inc

Analysis

Eastwood of Ames Inc is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in December 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 December 2023, Eastwood of Ames Inc reported income of $4.6m and spending of $3.9m, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.1m to $4.6m (+121%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eastwood of Ames Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($4.6m), Self-Help Home Improvement Project Inc ($4.7m) and Notre Dame Place Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $21.7m against liabilities of $14.1m, net assets of $7.6m.