Linc-Redondo Beach Seniors Inc

Analysis

Linc-Redondo Beach Seniors Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Linc-Redondo Beach Seniors Inc reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.6m (+12%), an average of +2.8% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Linc-Redondo Beach Seniors Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include NPHS Community Redevelopment Inc ($2.6m), New Endeavors by Women ($2.6m) and North Side Housing and Supportive Services ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $178k. At year end it held assets of $14.5m against liabilities of $11.1m, net assets of $3.4m.