Sullivan McKinney Elder Housing Inc

Analysis

Sullivan McKinney Elder Housing Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in August 1984, 42 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, Sullivan McKinney Elder Housing Inc reported income of $832k and spending of $870k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $774k to $832k (+7.5%), an average of +1.8% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sullivan McKinney Elder Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Randallstown Non-Profit Housing Corp ($832k), Jefferson Avenue School Associates Inc ($832k) and WP Housing Company Inc ($832k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $2.7m against liabilities of $2.6m, net assets of $57k.

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.