Hegemon Crest Senior Housing Inc

Analysis

Hegemon Crest Senior Housing Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2004, 22 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 December 2023, Hegemon Crest Senior Housing Inc reported income of $426k and spending of $598k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $426k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hegemon Crest Senior Housing Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include 1360 Nelson Avenue HDFC ($426k), Golden Cross Senior Ministries Inc ($426k) and The Cavanagh House ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. At year end it held assets of $2.5m against liabilities of $3.8m, net assets of -$1.2m.

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.