Edsils Place Apartments Inc

Analysis

Edsils Place Apartments Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2005, 21 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 March 2023, Edsils Place Apartments Inc reported income of $104k and spending of $149k, spending 143% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $97k to $104k (+7.3%), an average of +2.4% a year. The sharpest change came in the year to March 2022, when income rose by 19%. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edsils Place Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within KY. Charities of a similar size with the same main cause include Les Petites Maisons II Inc ($104k), Grace Village ($104k) and Brazos Valley CDC Inc ($104k).

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 $48k, net assets of $674k.

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.