Kiamichi Place Senior Housing Inc

Analysis

Kiamichi Place Senior Housing Inc is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in November 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 (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, Kiamichi Place Senior Housing Inc reported income of $68k and spending of $133k, spending 196% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $50k to $68k (+34%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 181% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kiamichi Place Senior Housing Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within OK. Charities of a similar size with the same main cause include Ten Cross Street Corporation ($68k), Shirley Bridge Bungalows ($68k) and American Hellenic Foundation of St Louis ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.0m against liabilities of $1.6m, net assets of -$539k.

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.