Old Towne Square Inc

Analysis

Old Towne Square Inc is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in January 2012, 14 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, Old Towne Square Inc reported income of $151k and spending of $217k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $171k to $151k (-12%), an average of -3.0% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Old Towne Square Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OK. Charities of a similar size with the same main cause include Los Vicentes de Laredo Y Zapata Inc ($151k), Urban League of Rochester Economic Development Corporation ($151k) and Blessed Sarnelli Community Inc ($151k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Other salaries and wages came to $29k. At year end it held assets of $2.5m against liabilities of $3.2m, net assets of -$678k.

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.