Ebc Housing Corporation

Analysis

Ebc Housing Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2023, Ebc Housing Corporation reported income of $588k and spending of $767k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $428k to $588k (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ebc Housing Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Housing Resource Center Inc ($588k), TG 302 Inc ($588k) and Safe Harbors Network ($588k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $896k against liabilities of $4.4m, net assets of -$3.5m.

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.