Resource Center Apartments

Analysis

Resource Center Apartments is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Resource Center Apartments reported income of $141k and spending of $127k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $141k to $141k (+0.0%), an average of +0.0% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resource Center Apartments sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Naperville Womans Club ($141k), Unfinished Business ($141k) and Families Through Adoption Inc ($141k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $350k against liabilities of $447k, net assets of -$97k.