East Village Apartments

Analysis

East Village Apartments is a registered charity in United States, based in Fort Gratiot, MI. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, East Village Apartments reported income of $118k and spending of $153k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $118k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Village Apartments sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Jesus Love House Mission Inc ($118k), Ezras Yitzchok Inc ($118k) and Vision of Hope Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 28% of the total. At year end it held assets of $665k against liabilities of $269k, net assets of $396k.