Koram Senior Housing Corporation

Analysis

Koram Senior Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1985, 41 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 December 2023, Koram Senior Housing Corporation reported income of $915k and spending of $810k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $840k to $915k (+8.9%), an average of +2.2% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Koram Senior Housing Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Consolidated Rural Water District 1 Nowata Rogers Counties Oklahoma ($915k), National Council of Higher Education Loan Programs Inc ($915k) and Sand Lake Ambulance Inc ($915k).

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 $251k. At year end it held assets of $1.4m against liabilities of $2.5m, net assets of -$1.1m. It reported 6 employees.