Evangelical Senior Housing

Analysis

Evangelical Senior Housing is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Evangelical Senior Housing reported income of $638k and spending of $812k, spending 127% of what it took in. Across the 5 years on record, from September 2019 to June 2023, income grew from $535k to $638k (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Evangelical Senior Housing sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Griggs Farm Inc ($638k), Mt Zion a M E Apartments Inc ($639k) and Belmont Independent Living Inc ($638k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $132k. At year end it held assets of $4.4m against liabilities of $867k, net assets of $3.6m.

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.