Obannon Terrace of Goshen Inc

Analysis

Obannon Terrace of Goshen Inc is a registered charity in United States, based in Batavia, OH. It received its IRS tax-exemption ruling in March 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Obannon Terrace of Goshen Inc reported income of $238k and spending of $283k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $238k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Obannon Terrace of Goshen Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Shelby County Senior Citizens SVCS Corp of TX Chapter I ($238k), Cha Real Estate Inc ($238k) and Access Community Housing Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $1.1m against liabilities of $51k, net assets of $1.0m. It reported 22 employees.

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.