Ambassador Senior Residence Inc

Analysis

Ambassador Senior Residence Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in November 2015, 11 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, Ambassador Senior Residence Inc reported income of $305k and spending of $299k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $305k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ambassador Senior Residence Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($305k), Paseo de Luz Inc ($305k) and Erika&eric Home of Care II Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $232k. At year end it held assets of $12k against liabilities of $31k, net assets of -$19k. It reported 13 employees.