Crockett Homes for Elderly Inc

Analysis

Crockett Homes for Elderly Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in June 2003, 23 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 March 2024, Crockett Homes for Elderly Inc reported income of $153k and spending of $250k, spending 164% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $157k to $153k (-2.6%), an average of -0.6% a year. The sharpest change came in the year to March 2021, when income rose by 30%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crockett Homes for Elderly Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Anja House ($153k), Dayspring Outreach Ministries Incorporated ($153k) and Fairview Housing ($153k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. At year end it held assets of $1.6m against liabilities of $2.6m, net assets of -$958k.

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.