Marlborough Association for Senior Housing Inc

Analysis

Marlborough Association for Senior Housing Inc is a registered charity in United States, based in Marlborough, CT. It received its IRS tax-exemption ruling in February 1982, 44 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 June 2023, Marlborough Association for Senior Housing Inc reported income of $204k and spending of $258k, spending 127% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $203k to $204k (+0.3%), an average of +0.1% 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, Marlborough Association for Senior Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Medical Staff of Santa Barbara Cottage Hospital ($204k), Leadership Prince William ($204k) and Alliance Training Center Inc ($204k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Other salaries and wages came to $48k. At year end it held assets of $887k against liabilities of $41k, net assets of $845k.

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.