Mount Ephraim Senior Housing Initiative Inc

Analysis

Mount Ephraim Senior Housing Initiative Inc is a registered charity in United States, based in Collingswood, NJ. It received its IRS tax-exemption ruling in May 2002, 24 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 June 2023, Mount Ephraim Senior Housing Initiative Inc reported income of $635k and spending of $782k, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $597k to $635k (+6.3%), an average of +2.1% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Ephraim Senior Housing Initiative Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Highland Area Christian Service Ministry ($635k), Project Care Inc ($636k) and Ozark Mission Project ($635k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $4.1m against liabilities of $7.1m, net assets of -$2.9m. It reported 3 employees.

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.