Rising Sun and Ohio County Senior Citizens Housing Inc

Analysis

Rising Sun and Ohio County Senior Citizens Housing Inc is a registered charity in United States, based in Rising Sun, IN. It received its IRS tax-exemption ruling in October 2006, 20 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, Rising Sun and Ohio County Senior Citizens Housing Inc reported income of $552k and spending of $523k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $552k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rising Sun and Ohio County Senior Citizens Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include 1350 Ogden Avenue HDFC Inc ($552k), Ridge Oak II Inc ($552k) and Barrio Viejo Elderly Housing Inc ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $31k (5.9% of expenses). Other salaries and wages came to $31k. At year end it held assets of $2.9m against liabilities of $311k, net assets of $2.6m. It reported 5 employees.