Chestnut Senior Housing

Analysis

Chestnut Senior Housing is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chestnut Senior Housing reported income of $489k and spending of $363k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $489k (+135%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chestnut Senior Housing 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 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Mercy Senior Housing Oxnard ($489k), Sunstone Life Inc ($490k) and Ahepa 489 Apartments Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.4m.