Mendham Area Senior Housing Corporation

Analysis

Mendham Area Senior Housing Corporation is a registered charity in United States, based in Mendham, NJ. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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, Mendham Area Senior Housing Corporation reported income of $363k and spending of $396k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $363k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mendham Area Senior Housing Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Izaak Walton League of America Inc ($363k), Masfaa Midwest Association of Student Weston Hurd ($363k) and St John School of the Arts Inc 108 Estate Enigned & Contant ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $89k. At year end it held assets of $931k against liabilities of $1.3m, net assets of -$376k. It reported 9 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.