Fallen Ash Senior Complex Inc

Analysis

Fallen Ash Senior Complex Inc is a registered charity in United States, based in Harrison, AR. It received its IRS tax-exemption ruling in May 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fallen Ash Senior Complex Inc reported income of $99k and spending of $142k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $99k (+2.8%), an average of +0.7% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fallen Ash Senior Complex Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within AR. Charities of a similar size with the same main cause include Community Services Agency Elderly Housing Inc ($99k), American Foundation for Affordable Housing Inc ($99k) and Maxcen Housing Society Inc Virginia Branch ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 57% of the total. Other salaries and wages came to $13k. At year end it held assets of $672k against liabilities of $21k, net assets of $651k.

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.