Belltown Elderly Housing Inc

Analysis

Belltown Elderly Housing Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in November 1991, 35 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, Belltown Elderly Housing Inc reported income of $597k and spending of $528k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $597k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belltown Elderly Housing Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include New Jersey Workshop for the Arts in C ($597k), Neighborhood Clinic ($597k) and Wicn Public Radio Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. At year end it held assets of $1.8m against liabilities of $5.3m, net assets of -$3.4m. It reported 82 employees.