Worthington Senior Housing Inc

Analysis

Worthington Senior Housing Inc is a registered charity in United States, based in Worthington, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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 December 2023, Worthington Senior Housing Inc reported income of $432k and spending of $452k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $432k (+5.3%), an average of +1.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Worthington Senior Housing Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include National Church Residences of Massillon Oh ($432k), Rose Center and Council for the Arts Inc ($432k) and The Earths Birthday Project Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $85k. At year end it held assets of $920k against liabilities of $1.3m, net assets of -$401k.

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.