Willsboro Senior Housing Corp

Analysis

Willsboro Senior Housing Corp is a registered charity in United States, based in Willsboro, NY. It received its IRS tax-exemption ruling in May 1991, 35 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 December 2023, Willsboro Senior Housing Corp reported income of $115k and spending of $121k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $115k (+10%), an average of +2.4% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Willsboro Senior Housing Corp sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($115k), National Junior Basketball ($115k) and The St Peters Church of Bucknell Charitable Trust ($115k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $19k (15% of expenses). Other salaries and wages came to $20k. At year end it held assets of $512k against liabilities of $451k, net assets of $61k. It reported 5 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.