Leo R Tanguay Apartments Inc

Analysis

Leo R Tanguay Apartments Inc is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in May 1991, 35 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 2024, Leo R Tanguay Apartments Inc reported income of $130k and spending of $130k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $109k to $130k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Leo R Tanguay Apartments Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within RI. Charities of a similar size with the same main cause include Pecan Valley Apartments Inc ($130k), Hands Triad Housing Inc ($130k) and Kay Mar Way Inc ($130k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $217k against liabilities of $20k, net assets of $197k.