Senior Housing Corporation of East Haddam Inc the

Analysis

Senior Housing Corporation of East Haddam Inc the is a registered charity in United States, based in Moodus, CT. It received its IRS tax-exemption ruling in September 1980, 46 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 October 2023, Senior Housing Corporation of East Haddam Inc the reported income of $436k and spending of $485k, spending 111% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $422k to $436k (+3.3%), an average of +0.8% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Housing Corporation of East Haddam Inc the 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 65th percentile within CT. Charities of a similar size with the same main cause include Otology & Neurotology Inc ($436k), Vandalia Butler Boosters Association ($436k) and Pathways for Life Academy Inc ($436k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $675k.

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.