Kent Village Housing for the Elderly Inc

Analysis

Kent Village Housing for the Elderly Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in May 1975, 51 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kent Village Housing for the Elderly Inc reported income of $358k and spending of $369k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $358k (+5.2%), an average of +1.3% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kent Village Housing for the Elderly Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Willow Village Housing Corporation ($358k), Unity Housing Inc ($358k) and Mountain Terrace Inc ($358k).

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 $67k. At year end it held assets of $881k against liabilities of $974k, net assets of -$93k.