Licking Arc Apartments Inc

Analysis

Licking Arc Apartments Inc is a registered charity in United States, based in Blacklick, OH. It received its IRS tax-exemption ruling in February 1993, 33 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 December 2023, Licking Arc Apartments Inc reported income of $107k and spending of $107k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $107k (+1.1%), an average of +1.1% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Licking Arc Apartments Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Childrens Aid Society ($107k), Rockland Housing Foundation Inc ($107k) and Habitat for Humanity International ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. At year end it held assets of $295k against liabilities of $590k, net assets of -$295k.