Senior Health Properties-South Inc

Analysis

Senior Health Properties-South Inc is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Senior Health Properties-South Inc reported income of $70.6m and spending of $75.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $71.5m to $70.6m (-1.2%), an average of -0.3% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Health Properties-South Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Kendal-Crosslands Communities ($70.6m), By the Bay Health ($70.9m) and Ethiopian Community Development Council Inc ($70.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $87k (0.1% of expenses). Other salaries and wages came to $30.4m. At year end it held assets of $161.8m against liabilities of $163.7m, net assets of -$1.9m. It reported 1,126 employees.

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.