Freeport Senior Housing Inc

Analysis

Freeport Senior Housing Inc is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Freeport Senior Housing Inc reported income of $657k and spending of $770k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $642k to $657k (+2.2%), an average of +0.6% a year. 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, Freeport Senior Housing Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Southampton Housing for the Elderly Inc ($657k), Edna-Islay Housing Corporation ($657k) and Family Promise of Ontario County Inc ($656k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $148k. At year end it held assets of $1.9m against liabilities of $1.3m, net assets of $660k.

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.