Brook Oaks Senior Residences Inc

Analysis

Brook Oaks Senior Residences Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1962, 64 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, Brook Oaks Senior Residences Inc reported income of $342k and spending of $570k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $342k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brook Oaks Senior Residences Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Elmore Area Concerned Christians ($342k), Horizons Collaborative Inc ($342k) and Carpenter Housing Development Fund Co Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $2.5m against liabilities of $4.9m, net assets of -$2.4m.