Seneca Towers Inc

Analysis

Seneca Towers Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1969, 57 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 March 2023, Seneca Towers Inc reported income of $3.4m and spending of $3.2m, spending 95% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $3.0m to $3.4m (+13%), an average of +3.1% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seneca Towers Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Central Delaware HFH ($3.4m), Alliance for Children and Families Inc ($3.4m) and Rock Island Housing Finance Corporation ($3.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. At year end it held assets of $6.9m against liabilities of $7.7m, net assets of -$736k.