Bennett Elderly Housing Inc

Analysis

Bennett Elderly Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 January 2024, Bennett Elderly Housing Inc reported income of $130k and spending of $85k, leaving 35% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income fell from $735k to $130k (-82%), an average of -35% a year. The sharpest change came in the year to January 2023, when income rose by 378%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bennett Elderly Housing Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Aquakids Inc ($130k), Historic Glenwood Foundation Inc ($130k) and Floyd Jones Evangelism and Teaching Ministries Inc ($130k).

At year end it held assets of $3.1m against liabilities of $110k, net assets of $3.0m.