Senior Isle Inn Inc

Analysis

Senior Isle Inn Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Senior Isle Inn Inc reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $2.0m (-65%), an average of -23% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Isle Inn Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Tarboro Community Outreach Inc ($2.0m), Council Gardens ($2.0m) and Habitat for Humanity International Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $540k. At year end it held assets of $386k against liabilities of $510k, net assets of -$124k. It reported 47 employees.

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.