Ide Center Apartments II Inc

Analysis

Ide Center Apartments II Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 1996, 30 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 June 2023, Ide Center Apartments II Inc reported income of $173k and spending of $183k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $159k to $173k (+8.4%), an average of +2.0% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ide Center Apartments II Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Wolfeboro Area Meals on Wheels Inc ($173k), No Res Gourmet ($173k) and Global Impact Solutions Inc ($173k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $743k against liabilities of $41k, net assets of $702k.