Otts Branch Elderly Housing Inc

Analysis

Otts Branch Elderly Housing Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in August 2009, 17 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 March 2023, Otts Branch Elderly Housing Inc reported income of $74k and spending of $105k, spending 141% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $70k to $74k (+5.8%), an average of +1.9% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Otts Branch Elderly Housing Inc sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 35th percentile within SC. Charities of a similar size with the same main cause include Woodland Pointe Inc ($74k), Arlington Avenue Apartments Incoporated ($74k) and Allen Housing Foundation ($74k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $958k against liabilities of $18k, net assets of $940k.

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.