Yarmouth Senior Housing Inc

Analysis

Yarmouth Senior Housing Inc is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in October 1975, 51 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 December 2023, Yarmouth Senior Housing Inc reported income of $250k and spending of $262k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $250k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yarmouth Senior Housing Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Assessment and Development Center of Sacramento ($250k), San Francisco Childrens Art Center ($250k) and Little League Baseball Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 81% of the total. At year end it held assets of $1.5m against liabilities of $272k, net assets of $1.2m.

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.