Cecil Avenue Apartments Inc

Analysis

Cecil Avenue Apartments Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 April 2023, Cecil Avenue Apartments Inc reported income of $598k and spending of $577k, spending 96% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $576k to $598k (+3.9%), an average of +1.3% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cecil Avenue Apartments Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include North Pocono Public Library ($598k), Circle Pines Center ($598k) and Missionary Companion Ministries Inc ($598k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $3.6m against liabilities of $3.3m, net assets of $261k.