Ellett Road Apartments Corporation

Analysis

Ellett Road Apartments Corporation is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ellett Road Apartments Corporation reported income of $95k and spending of $103k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $95k (+8.7%), an average of +2.1% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ellett Road Apartments Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Share Credit Corp ($95k), Office of People ($95k) and Independence Park Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $510k against liabilities of $12k, net assets of $497k.