Unlimited Housing for the Elderly Inc

Analysis

Unlimited Housing for the Elderly Inc is a registered charity in United States, based in Oakmont, PA. It received its IRS tax-exemption ruling in March 1988, 38 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, Unlimited Housing for the Elderly Inc reported income of $703k and spending of $693k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $633k to $703k (+11%), an average of +2.7% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Unlimited Housing for the Elderly Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Center for Exhibition Industry Research Foundation ($703k), Anti-Drug & Alcohol Crusaders Inc ($703k) and Charlotte Local Education Foundation Inc ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $126k. At year end it held assets of $1.3m against liabilities of $2.2m, net assets of -$940k.