Otsego County Senior Citizens Housing Association Inc

Analysis

Otsego County Senior Citizens Housing Association Inc is a registered charity in United States, based in Vanderbilt, MI. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 December 2023, Otsego County Senior Citizens Housing Association Inc reported income of $187k and spending of $193k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $187k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Otsego County Senior Citizens Housing Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Rocky Mountain District Kiwanis Foundation Inc ($187k), Soil and Water Conservation Society ($187k) and L T C Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $23k. At year end it held assets of $656k against liabilities of $639k, net assets of $18k.

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.