Ideal Senior Living Center Housing Corporation

Analysis

Ideal Senior Living Center Housing Corporation is a registered charity in United States, based in Endicott, NY. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ideal Senior Living Center Housing Corporation reported income of $3.6m and spending of $4.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.6m (-5.2%), an average of -1.3% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ideal Senior Living Center Housing Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Tomorrownow Org Inc ($3.6m), Sunnybrook Childrens Home Inc ($3.6m) and Brigid Collins House ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $57k (1.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.4m against liabilities of $9.1m, net assets of -$1.7m. It reported 86 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.