Charleston Seniors Housing Corporation

Analysis

Charleston Seniors Housing Corporation is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in December 1982, 44 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 December 2023, Charleston Seniors Housing Corporation reported income of $200k and spending of $200k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $204k to $200k (-1.9%), an average of -1.0% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charleston Seniors Housing Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Network Housing 90 Inc ($200k), Onward Eden Prairie ($200k) and Mid-South Housing Foundation ($200k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $343k against liabilities of $104k, net assets of $238k.