Scottsburg Senior Housing Corporation

Analysis

Scottsburg Senior Housing Corporation is a registered charity in United States, based in Scottsburg, IN. It received its IRS tax-exemption ruling in November 1976, 50 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, Scottsburg Senior Housing Corporation reported income of $292k and spending of $308k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $292k (+20%), an average of +4.6% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Scottsburg Senior Housing Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Harvard Place Inc ($292k), Horizon Sober Living ($292k) and The Southern California Housing Development Corporation of Orange ($292k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.4m against liabilities of $464k, net assets of $913k.

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.