Quality Senior Housing Foundaton Inc

Analysis

Quality Senior Housing Foundaton Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1999, 27 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, Quality Senior Housing Foundaton Inc reported income of $18.0m and spending of $20.0m, spending 111% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $1.9m to $18.0m (+845%), an average of +75% a year. The sharpest change came in the year to December 2022, when income rose by 324%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Quality Senior Housing Foundaton Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Life Skills Training and Educational Programs Inc ($18.0m), Westminster Pines Inc ($18.1m) and Carrfour Supportive Housing Inc ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $196k (1.0% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $62.6m against liabilities of $67.5m, net assets of -$4.9m. It reported 358 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.