Oak View Apartments Inc

Analysis

Oak View Apartments Inc is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Oak View Apartments Inc reported income of $112k and spending of $149k, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $95k to $112k (+19%), an average of +4.4% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak View Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Cottages of Delta Acres Inc ($112k), Outreach for Christ Inc ($112k) and Jack & Virginia Wright Apartment Foundation ($112k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $938k against liabilities of $74k, net assets of $864k.

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.