McKendree Oaks at Savannah Inc

Analysis

McKendree Oaks at Savannah Inc is a registered charity in United States, based in Savannah, TN. It received its IRS tax-exemption ruling in May 1962, 64 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, McKendree Oaks at Savannah Inc reported income of $232k and spending of $196k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $232k (+19%), an average of +4.4% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKendree Oaks at Savannah Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Independence Park II Senior Housing Inc ($232k), Minority Housing Corporation Topeka ($232k) and Independence Park Senior Housing Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. At year end it held assets of $498k against liabilities of $1.2m, net assets of -$713k.