Ivy Plaza Housing Corporation

Analysis

Ivy Plaza Housing Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 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 (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, Ivy Plaza Housing Corporation reported income of $501k and spending of $656k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $504k to $501k (-0.5%), an average of -0.1% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ivy Plaza Housing Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Orange Senior Housing Inc ($501k), Altadena Blessing Corporation ($502k) and United Church Residences of West Jackson Mississippi Inc ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $83k. At year end it held assets of $803k against liabilities of $3.3m, net assets of -$2.5m. It reported 5 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.