Chester Area Senior Housing Non-Profit Corporation Inc

Analysis

Chester Area Senior Housing Non-Profit Corporation Inc is a registered charity in United States, based in Warren, NJ. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Chester Area Senior Housing Non-Profit Corporation Inc reported income of $2.0m and spending of $406k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $2.0m (+283%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 363%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chester Area Senior Housing Non-Profit Corporation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Innovate PGH Partnership ($2.0m), West Central Development Corporation ($2.0m) and Community Development Corporation of Mishawaka Indiana ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Other salaries and wages came to $45k. At year end it held assets of $3.7m against liabilities of $1.7m, net assets of $2.0m. It reported 3 employees.