Gray Senior Housing Inc

Analysis

Gray Senior Housing Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 1975, 51 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, Gray Senior Housing Inc reported income of $256k and spending of $260k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $256k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gray Senior Housing Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Amateur Athletic Union of the United States ($256k), Mariner Youth Soccer Club Inc ($256k) and Association for Christians in Student Development ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $421k against liabilities of $256k, net assets of $165k.