Savannah Gardens Senior Residences Inc

Analysis

Savannah Gardens Senior Residences Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2012, 14 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, Savannah Gardens Senior Residences Inc reported income of $334k and spending of $428k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $334k (+14%), an average of +3.3% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Savannah Gardens Senior Residences Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Metropolitan Housing Coalition Information Service Fund ($333k), Episcopal Community Housing Inc ($334k) and Housing Opportunities Community Partners Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $2.7m against liabilities of $143k, net assets of $2.6m.

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.