Olf Senior Housing II

Analysis

Olf Senior Housing II is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Olf Senior Housing II reported income of $494k and spending of $671k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $402k to $494k (+23%), an average of +5.3% a year. Over the whole period it spent 142% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olf Senior Housing II sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Down Syndrome Guild of Dallas ($494k), Robinson Township Library ($494k) and Girls Incorporated of San Diego County ($494k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $162k. At year end it held assets of $4.8m against liabilities of $6.7m, 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.