Elk Riverview Terrace Apartments Inc

Analysis

Elk Riverview Terrace Apartments Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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, Elk Riverview Terrace Apartments Inc reported income of $386k and spending of $414k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $372k to $386k (+3.6%), an average of +0.9% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elk Riverview Terrace Apartments Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include 415 Leaders Inc ($386k), Gerber Hart Library and Archives ($386k) and Anointed Acres Housing Development ($386k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 25% of the total. At year end it held assets of $1.3m against liabilities of $1.7m, net assets of -$412k.

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.