City Square Elderly Housing Inc

Analysis

City Square Elderly Housing Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in October 1983, 43 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 2023, City Square Elderly Housing Inc reported income of $3.7m and spending of $12.1m, spending 324% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $3.7m (+94%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 92%. Over the whole period it spent 187% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, City Square Elderly Housing Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Salt Lake Neighborhood Housing Services Inc ($3.7m), Inquilinxs Unidxs Por Justicia-United Renters for Justic ($3.7m) and Topeka Rescue Mission Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. At year end it held assets of $21.6m against liabilities of $33.6m, net assets of -$11.9m.