Senior Living Concepts

Analysis

Senior Living Concepts is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in March 2002, 24 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 April 2023, Senior Living Concepts reported income of $1.6m and spending of $1.8m, spending 117% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.4m to $1.6m (+13%), an average of +3.1% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Living Concepts sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within AR. Charities of a similar size with the same main cause include Concord Area Trust for Community Housing ($1.6m), Cape Cod Apartments Inc ($1.6m) and Homeless Veterans Fellowship ($1.6m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $4.0m against liabilities of $2.2m, net assets of $1.8m.