Ottawa River Estates Inc

Analysis

Ottawa River Estates Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 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 June 2023, Ottawa River Estates Inc reported income of $107k and spending of $164k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $102k to $107k (+5.5%), an average of +1.3% a year. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ottawa River Estates Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Charles County Nursing and Rehabilitation Center Foundation ($107k), Project Beginnings I Inc ($107k) and Rosewood Housing Corporation ($107k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $7,053. At year end it held assets of $1.5m against liabilities of $12k, net assets of $1.5m.

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.