Norris Square Senior Housing Inc

Analysis

Norris Square Senior Housing Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Norris Square Senior Housing Inc reported income of $374k and spending of $489k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $374k (+7.0%), an average of +1.7% a year. Over the whole period it spent 135% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Norris Square Senior Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Patriots Care Inc ($374k), The Sinai Family Life Center ($374k) and Community Outreach Center ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $83k. At year end it held assets of $2.7m against liabilities of $3.9m, net assets of -$1.2m. It reported 3 employees.

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.