Advanced Living Management &development Inc

Analysis

Advanced Living Management &development Inc is a registered charity in United States, based in Lansdale, PA. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2023, Advanced Living Management &development Inc reported income of $1.2m and spending of $910k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advanced Living Management &development Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Alabama Christian Housing Inc ($1.2m), Gesu Housing Inc ($1.2m) and Southwest Center for Independence ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 43% of the total. Other salaries and wages came to $296k. At year end it held assets of $10.7m against liabilities of $2.4m, net assets of $8.3m. It reported 67 employees.