South Norfolk Elderly Housing Services Inc

Analysis

South Norfolk Elderly Housing Services Inc is a registered charity in United States, based in Sharon, MA. It received its IRS tax-exemption ruling in May 1980, 46 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, South Norfolk Elderly Housing Services Inc reported income of $66k and spending of $11k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $66k (-96%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 94%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Norfolk Elderly Housing Services Inc sits at the 15th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Mac Mineral Rentals Inc ($66k), Northshore Housing Initiative Inc ($66k) and Liberty Place Apartments Inc ($66k).

At year end it held assets of $2.6m against liabilities of $77k, net assets of $2.5m.