Middlebury Senior Housing Associates Inc

Analysis

Middlebury Senior Housing Associates Inc is a registered charity in United States, based in Middlebury, CT. It received its IRS tax-exemption ruling in July 1989, 37 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, Middlebury Senior Housing Associates Inc reported income of $824k and spending of $989k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $725k to $824k (+14%), an average of +3.3% a year. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Middlebury Senior Housing Associates Inc sits at the 75th percentile: it is larger than about 75% 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 Providence Foundation ($824k), Wisconsin Philanthropy Network Inc ($825k) and Preservation Alliance of West ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 96% of the total. Other salaries and wages came to $218k. At year end it held assets of $1.2m against liabilities of $6.1m, net assets of -$4.9m.

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.