Southampton Housing for the Elderly Inc

Analysis

Southampton Housing for the Elderly Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 1985, 41 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, Southampton Housing for the Elderly Inc reported income of $657k and spending of $608k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $560k to $657k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southampton Housing for the Elderly Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Family Promise of Ontario County Inc ($656k), Freeport Senior Housing Inc ($657k) and Haight Street Senior Housing Inc ($656k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $118k. At year end it held assets of $2.7m against liabilities of $2.8m, net assets of -$60k.