West Side Federation for Senior Housing Inc

Analysis

West Side Federation for Senior Housing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1978, 48 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 June 2023, West Side Federation for Senior Housing Inc reported income of $35.2m and spending of $38.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $43.8m to $35.2m (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Side Federation for Senior Housing Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Chapel Hill Residential Retirement Center Inc ($35.1m), Ohio Capital Corporation for Housing ($35.5m) and Humangood Fresno ($35.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $911k (2.4% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $149.5m against liabilities of $70.5m, net assets of $78.9m. It reported 528 employees.