American Covenant Senior Housing Foundation Inc

Analysis

American Covenant Senior Housing Foundation Inc is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in March 2024, 2 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 (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, American Covenant Senior Housing Foundation Inc reported income of $99k and spending of $407k, spending 412% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $23k to $99k (+336%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 276%. Over the whole period it spent 321% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, American Covenant Senior Housing Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MT. Charities of a similar size with the same main cause include Forest Meadows Apartments Inc ($99k), Shasta Hotel Corporation ($99k) and Black Rock Ravenden Area Development Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $159k (39% of expenses). At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $459k. It reported 8 employees.