Norfolk Senior Housing Corporation

Analysis

Norfolk Senior Housing Corporation is a registered charity in United States, based in Norfolk, CT. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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, Norfolk Senior Housing Corporation reported income of $298k and spending of $338k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $298k (+6.7%), an average of +1.6% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norfolk Senior Housing Corporation 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 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include H T Dance Company-Chen Dance Center ($298k), Unity Volunteer Ambulance Corp ($298k) and Warrior Freedom Service Dogs Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. Other salaries and wages came to $62k. At year end it held assets of $731k against liabilities of $24k, net assets of $706k.

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.