Sterling Senior Housing

Analysis

Sterling Senior Housing is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2012, 14 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 December 2023, Sterling Senior Housing reported income of $207k and spending of $287k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $207k (+11%), an average of +2.6% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sterling Senior Housing sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Emerson Plaza Afforadable Housing Inc ($207k), Meadows Housing Corporation Inc ($208k) and Another Chance House of Refuge ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. At year end it held assets of $1.2m against liabilities of $114k, net assets of $1.1m.

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.