Ausable Valley Apartments Inc

Analysis

Ausable Valley Apartments Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in June 1979, 47 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 2024, Ausable Valley Apartments Inc reported income of $529k and spending of $468k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $425k to $529k (+25%), an average of +5.6% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ausable Valley Apartments Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Winter Valley Residences II Inc ($529k), S a M H Corporation ($529k) and Operation Life Inc ($529k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $68k. At year end it held assets of $1.4m against liabilities of $1.7m, net assets of -$302k.