Providence Rivendell Court Apartments Inc

Analysis

Providence Rivendell Court Apartments Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Providence Rivendell Court Apartments Inc reported income of $138k and spending of $201k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $138k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 366%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Rivendell Court Apartments Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include North Chatham Free Library ($138k), The Enrichment Center of Lee County Inc ($138k) and HTTV Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $788k, net assets of $303k.