Simpson Senior Services

Analysis

Simpson Senior Services is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simpson Senior Services reported income of $5.3m and spending of $5.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $5.3m (+80%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Simpson Senior Services sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Burten Bell Carr Development Inc ($5.3m), Providence Housing Development Corporation ($5.3m) and Neighborhood Development Corp ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.0m (36% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $17.5m against liabilities of $10.4m, net assets of $7.0m. It reported 33 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.