Applewood Centers Inc

Analysis

Applewood Centers Inc is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in April 1946, 80 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Applewood Centers Inc reported income of $21.1m and spending of $20.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.3m to $21.1m (+15%), an average of +3.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Applewood Centers Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Directions for Mental Health Inc ($21.0m), Kuakini Geriatric Care Inc ($21.1m) and Concord Nursing Home Inc ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 90% of the total. Other salaries and wages came to $10.6m. At year end it held assets of $30.5m against liabilities of $3.0m, net assets of $27.5m. It reported 296 employees.