Titusville Senior Housing Corporation

Analysis

Titusville Senior Housing Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2023, Titusville Senior Housing Corporation reported income of $141k and spending of $224k, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $137k to $141k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Titusville Senior Housing Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Laurel Creek Inc ($141k), Hearts of Hope Ukraine ($141k) and The Hope House for Women Inc ($141k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Other salaries and wages came to $21k. At year end it held assets of $903k against liabilities of $384k, net assets of $519k.

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.