Senior Home Sharing Inc

Analysis

Senior Home Sharing Inc is a registered charity in United States, based in Lombard, IL. It received its IRS tax-exemption ruling in January 1984, 42 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, Senior Home Sharing Inc reported income of $444k and spending of $473k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $444k (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Home Sharing Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Christian Families Against Destructive Decisions ($444k), United Church Residences of Goshen Indiana Inc ($444k) and The Haven Mens Shelter Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $67k (14% of expenses). Other salaries and wages came to $138k. At year end it held assets of $585k against liabilities of $27k, net assets of $557k. It reported 13 employees.