Tarrant County Senior Living Center Inc

Analysis

Tarrant County Senior Living Center Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2007, 19 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, Tarrant County Senior Living Center Inc reported income of $31.0m and spending of $43.0m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.7m to $31.0m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tarrant County Senior Living Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Heading Home Inc ($30.9m), Kenton Housing Inc ($31.0m) and Habitat for Humanity of Collier County Inc ($30.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $120k (0.3% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $123.7m against liabilities of $221.6m, net assets of -$97.9m. It reported 282 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.