Center Township Elderly Housing Inc

Analysis

Center Township Elderly Housing Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1957, 69 years ago. 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 September 2023, Center Township Elderly Housing Inc reported income of $334k and spending of $450k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $332k to $334k (+0.8%), an average of +0.2% a year. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center Township Elderly Housing Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include New Beginnings Housing Foundation ($334k), South Florida Youth Symphony Inc ($334k) and Florida High School Rodeo Association Incorporated ($334k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Other salaries and wages came to $16k. At year end it held assets of $1.8m against liabilities of $3.6m, net assets of -$1.8m.

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.