Victorian Woods Senior Living Inc

Analysis

Victorian Woods Senior Living Inc is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Victorian Woods Senior Living Inc reported income of $639k and spending of $834k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $586k to $639k (+9.1%), an average of +2.2% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victorian Woods Senior Living Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Grunewald Guild ($639k), Adams Memorial Library ($639k) and Danvers Community Access Television Incorporated ($639k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $160k. At year end it held assets of $4.3m against liabilities of $4.6m, net assets of -$299k.

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.