Epsom Elderly Housing Inc

Analysis

Epsom Elderly Housing Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in December 1996, 30 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 March 2024, Epsom Elderly Housing Inc reported income of $474k and spending of $535k, spending 113% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $479k to $474k (-1.0%), an average of -0.2% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Epsom Elderly Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within NH. Charities of a similar size with the same main cause include Bay Homes Development Corp ($474k), 50th Street Housing Development Fund Corporation ($475k) and Diakonia Housing Inc ($474k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $2.0m against liabilities of $3.6m, net assets of -$1.5m.

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.