E III Inc

Analysis

E III Inc is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in April 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, E III Inc reported income of $173k and spending of $90k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $97k to $173k (+78%), an average of +78% a year. The sharpest change came in the year to June 2024, when income rose by 78%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, E III Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Muldrow Senior Housing Inc ($173k), Gary Greene Realtors Foundation ($173k) and Frankfort Community Housing Inc ($173k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $2,242 against liabilities of $34k, net assets of -$31k.