Ebenezer Ridge Point Apartments Inc

Analysis

Ebenezer Ridge Point Apartments Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in April 1994, 32 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, Ebenezer Ridge Point Apartments Inc reported income of $403k and spending of $468k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $403k (+18%), an average of +4.3% a year. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ebenezer Ridge Point Apartments Inc 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 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Migrant Equity Southeast Inc ($403k), Stoneybrook Foundation ($403k) and Kfar Yeladim David ($403k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.4m against liabilities of $140k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.