Lilac Grove Apartments Inc

Analysis

Lilac Grove Apartments Inc is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Lilac Grove Apartments Inc reported income of $86k and spending of $143k, spending 166% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $82k to $86k (+5.5%), an average of +1.8% a year. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lilac Grove Apartments Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include East Haven Stoners Incorporated ($86k), Tara Tarpons Swimming Association Inc ($86k) and PTA Florida Congress ($86k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Other salaries and wages came to $28k. At year end it held assets of $949k against liabilities of $60k, net assets of $889k.

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.