East Long Pond Apartments Inc

Analysis

East Long Pond Apartments Inc is a registered charity in United States, based in Providence, RI. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, East Long Pond Apartments Inc reported income of $299k and spending of $441k, spending 147% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $177k to $299k (+69%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Long Pond Apartments Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within RI. Charities of a similar size with the same main cause include Danville Senior Housing Inc ($299k), Deaf-Reach Housing Inc ($299k) and South Lake Tahoe Supportive Housing Inc ($299k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 49% of the total. At year end it held assets of $2.0m against liabilities of $393k, 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.