St Lucas Riverside Apartments Inc

Analysis

St Lucas Riverside Apartments Inc is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in October 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 December 2023, St Lucas Riverside Apartments Inc reported income of $311k and spending of $277k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $311k (+22%), an average of +5.1% 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, St Lucas Riverside Apartments Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Cecil County Arts Council Inc ($311k), Canaan Child Care Center Inc ($311k) and Pflag Charlotte Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $1.7m against liabilities of $2.3m, net assets of -$656k.