Shoals Senior Housing Inc

Analysis

Shoals Senior Housing Inc is a registered charity in United States, based in Shoals, IN. It received its IRS tax-exemption ruling in April 1979, 47 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, Shoals Senior Housing Inc reported income of $157k and spending of $148k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $157k (+9.7%), an average of +2.3% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shoals Senior Housing Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Ever Dawn Foundation ($157k), Mills Center Apartments Inc ($157k) and Equal Housing Opportunity Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9,350 (6.3% of expenses). At year end it held assets of $588k against liabilities of $196k, net assets of $392k.