The Voyage Senior Living

Analysis

The Voyage Senior Living is a registered charity in United States, based in Marion, IL. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Voyage Senior Living reported income of $12.1m and spending of $12.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $12.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Voyage Senior Living sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Community Hospital Corporation ($12.1m), Gulf Coast Health Center Inc ($12.1m) and Shout It Now ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $313k (2.5% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $22.3m against liabilities of $24.0m, net assets of -$1.7m. It reported 287 employees.