Findley Place Apartments NFP

Analysis

Findley Place Apartments NFP is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in May 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Findley Place Apartments NFP reported income of $146k and spending of $222k, spending 153% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $123k to $146k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 171% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Findley Place Apartments NFP sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Columbus Legacy Project ($145k), Nantucket Community Service II Inc ($146k) and Cha Community Support Corporation ($145k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $1.7m against liabilities of $68k, net assets of $1.6m.

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.