Ide Center Apartments I Inc

Analysis

Ide Center Apartments I Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ide Center Apartments I Inc reported income of $106k and spending of $124k, spending 118% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $107k to $106k (-1.4%), an average of -1.4% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ide Center Apartments I Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Spectrum Paramus Home Inc ($106k), TRC Housing Inc ($106k) and Taylor County Supportive Housing Inc ($105k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $386k against liabilities of $59k, net assets of $327k.