Kearsarge Elderly Housing Inc

Analysis

Kearsarge Elderly Housing Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in August 1990, 36 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 September 2023, Kearsarge Elderly Housing Inc reported income of $417k and spending of $410k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $489k to $417k (-15%), an average of -3.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kearsarge Elderly Housing Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within NH. Charities of a similar size with the same main cause include Albuquerque United Football Club Ltd ($417k), Big Brothers Big Sisters of Central Montana ($417k) and Portsmouth United for Education Inc ($417k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. At year end it held assets of $990k against liabilities of $1.9m, net assets of -$925k.