Jackson Lane Apartments Incorporated

Analysis

Jackson Lane Apartments Incorporated is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in May 1991, 35 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 June 2024, Jackson Lane Apartments Incorporated reported income of $92k and spending of $123k, spending 135% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $99k to $92k (-7.1%), an average of -1.5% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jackson Lane Apartments Incorporated sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Marion-Dillon-Florence CDC Inc ($92k), St Mary Conference ($92k) and Yurok Alliance for Northern California Housing ($92k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $433k against liabilities of $163k, net assets of $271k.

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.