Cain Center Apartments Inc Brown-Mackinnon

Analysis

Cain Center Apartments Inc Brown-Mackinnon is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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 March 2023, Cain Center Apartments Inc Brown-Mackinnon reported income of $171k and spending of $202k, spending 118% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $153k to $171k (+11%), an average of +3.7% a year. The sharpest change came in the year to March 2023, when income rose by 22%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cain Center Apartments Inc Brown-Mackinnon sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Illinois Federation of Womens Club ($171k), Fossil Park Youth Baseball Inc ($171k) and Peters Township Swim Club ($171k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $722k against liabilities of $91k, net assets of $630k.

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.