Coosa Valley Seniors Housing Inc

Analysis

Coosa Valley Seniors Housing Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Coosa Valley Seniors Housing Inc reported income of $250k and spending of $287k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $249k to $250k (+0.3%), an average of +0.1% a year. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coosa Valley Seniors Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AL. Charities of a similar size with the same main cause include Coalition for Usher Syndrome Research ($250k), Lack-Tuscarora Ems ($250k) and Minority Organ & Tissue Transplant Education Program of Cleveland Inc ($250k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Other salaries and wages came to $77k. At year end it held assets of $823k against liabilities of $22k, net assets of $801k.

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.