United Church Residences of Indianapolis Indiana Inc

Analysis

United Church Residences of Indianapolis Indiana Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in June 1998, 28 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, United Church Residences of Indianapolis Indiana Inc reported income of $680k and spending of $652k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $680k (+60%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Church Residences of Indianapolis Indiana Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Lutheran Housing Development Fund Corporation at Concord Village ($680k), Lutheran Housing Services 8 Non Profit Housing Corporation ($680k) and Flagstaff Townsite Historic Properties Community Land Trust ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 31% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.4m against liabilities of $3.0m, net assets of -$1.6m. It reported 1 employees.