Senior Living Choices of Virginia Inc

Analysis

Senior Living Choices of Virginia Inc is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Senior Living Choices of Virginia Inc reported income of $28.5m and spending of $24.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.2m to $28.5m (+8.4%), an average of +2.0% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Living Choices of Virginia Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Mid-Step Services Inc ($28.4m), Congregational Home ($28.5m) and Shangri-La Corporation ($28.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $72k (0.3% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $104.6m against liabilities of $68.9m, net assets of $35.7m. It reported 459 employees.