Sullivan Senior Housing Inc

Analysis

Sullivan Senior Housing Inc is a registered charity in United States, based in Clackamas, OR. It received its IRS tax-exemption ruling in March 2003, 23 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 2024, Sullivan Senior Housing Inc reported income of $218k and spending of $303k, spending 139% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $181k to $218k (+20%), an average of +3.8% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sullivan Senior Housing Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within OR. Charities of a similar size with the same main cause include New York State Public Housing Authority Directors Association ($218k), Jamestown Affordable Housing Inc ($218k) and Lincoln Park Housing Corporation ($218k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $1.9m against liabilities of $3.6m, net assets of -$1.7m.

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.