Ebc Housing II

Analysis

Ebc Housing II is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2001, 25 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, Ebc Housing II reported income of $441k and spending of $511k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $317k to $441k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ebc Housing II sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include St Patrick Manor Inc ($441k), Casa Montego II Inc ($441k) and Housing Independence Inc ($441k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $3.7m, net assets of -$2.4m.

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.