Hap Senior Care Inc Dba Beaver Mead

Analysis

Hap Senior Care Inc Dba Beaver Mead is a registered charity in United States, based in Beaver, PA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hap Senior Care Inc Dba Beaver Mead reported income of $3.9m and spending of $4.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $3.9m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hap Senior Care Inc Dba Beaver Mead sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Riverside at Moorings Park Incorporated ($3.9m), Erc Foundation Inc ($3.9m) and John Knox Housing Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.0m against liabilities of $817k, net assets of $1.2m. It reported 67 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.