Johnstone Apartments Inc

Analysis

Johnstone Apartments Inc is a registered charity in United States, based in Fort Gratiot, MI. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Johnstone Apartments Inc reported income of $132k and spending of $129k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $132k (+0.3%), an average of +0.3% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Johnstone Apartments Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Larry H Spears Foundation Inc ($132k), Virginias One Church One Child Inc ($132k) and Up Lions Serve ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $301k against liabilities of $33k, net assets of $268k.