Touchette Elderly Apartments I Inc

Analysis

Touchette Elderly Apartments I Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Touchette Elderly Apartments I Inc reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $893k to $1.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touchette Elderly Apartments I Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Pregnancy Center Plus ($1.3m), Foundation of Community Assistance and Leadership Inc ($1.3m) and Second Mile Development Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 76% of the total. Other salaries and wages came to $201k. At year end it held assets of $3.5m against liabilities of $6.1m, net assets of -$2.6m. It reported 5 employees.