Worthington Senior Housing Inc

Analysis

Worthington Senior Housing Inc is a registered charity in United States, based in Montevideo, MN. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2024, Worthington Senior Housing Inc reported income of $134k and spending of $194k, spending 145% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $126k to $134k (+6.0%), an average of +1.5% a year. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Worthington Senior Housing Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Spruce Street House of Hope Inc ($133k), Housing Associates Inc ($134k) and New England Buying Consortium Incorporated ($133k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $1.6m against liabilities of $70k, net assets of $1.5m.

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.