River Park Elderly Housing Inc River Park Elderly Housing Inc

Analysis

River Park Elderly Housing Inc River Park Elderly Housing Inc is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in August 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, River Park Elderly Housing Inc River Park Elderly Housing Inc reported income of $773k and spending of $798k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $702k to $773k (+10%), an average of +2.4% 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, River Park Elderly Housing Inc River Park Elderly Housing Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Adc Research Institute ($773k), New England Museum Association Inc ($773k) and Community & Youth Involved Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $124k. At year end it held assets of $2.4m against liabilities of $2.3m, net assets of $103k.

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.