Froh Manor Apartments

Analysis

Froh Manor Apartments is a registered charity in United States, based in Sturgis, MI. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 March 2023, Froh Manor Apartments reported income of $321k and spending of $293k, spending 91% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $310k to $321k (+3.6%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Froh Manor Apartments sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Catholic Retirement Facilities Inc ($321k), Provo City School District Foundation ($321k) and St Paul Central High School Foundation ($321k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $897k against liabilities of $1.1m, net assets of -$172k.