Medina Creative Living III Inc

Analysis

Medina Creative Living III Inc is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Medina Creative Living III Inc reported income of $117k and spending of $135k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $117k (+2.5%), an average of +0.6% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Medina Creative Living III Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Macoupin Housing Services ($117k), Park Side Management Inc ($117k) and Heart of American Homes Foundation Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $36k. At year end it held assets of $946k against liabilities of $882k, net assets of $64k.

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.