Springfield Senior Citizens Housing Inc

Analysis

Springfield Senior Citizens Housing Inc is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in September 1977, 49 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, Springfield Senior Citizens Housing Inc reported income of $2.7m and spending of $1.8m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.7m (+19%), an average of +4.4% a year. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springfield Senior Citizens Housing Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Treasure House ($2.7m), Main Street Hinton Inc ($2.7m) and Innovative Development and Living Solutions of California ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $258k. At year end it held assets of $11.0m against liabilities of $431k, net assets of $10.6m.