Brookings Senior Housing Inc

Analysis

Brookings Senior Housing Inc is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in May 2007, 19 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, Brookings Senior Housing Inc reported income of $148k and spending of $234k, spending 157% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $142k to $148k (+4.3%), an average of +1.1% a year. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookings Senior Housing Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within SD. Charities of a similar size with the same main cause include Pines of Aberdeen Inc ($148k), Virginia Avenue Apartments Inc ($148k) and Crossway Tower Inc ($148k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 81% of the total. At year end it held assets of $2.2m against liabilities of $34k, net assets of $2.1m.

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.