Richardville Apartments II Inc

Analysis

Richardville Apartments II Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Richardville Apartments II Inc reported income of $109k and spending of $120k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $105k to $109k (+4.0%), an average of +1.3% a year. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richardville Apartments II Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within IN. Charities of a similar size with the same main cause include Global Prostate Cancer Research Foundation Inc ($109k), Sonoma County Intergroup Fellowship of Alcoholics Anonymous ($109k) and Nepal Spine Foundation ($109k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $9,757. At year end it held assets of $773k against liabilities of $1.0m, net assets of -$270k.

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.