Senior Citizens Housing of Onaway Inc

Analysis

Senior Citizens Housing of Onaway Inc is a registered charity in United States, based in Onaway, MI. It received its IRS tax-exemption ruling in August 1981, 45 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 September 2023, Senior Citizens Housing of Onaway Inc reported income of $593k and spending of $597k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $533k to $593k (+11%), an average of +2.7% a year. 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, Senior Citizens Housing of Onaway Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include St Clair Shores Hockey League ($593k), West Valley Wolves Inc ($594k) and Helping Hands Against Violence Inc ($593k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Other salaries and wages came to $124k. At year end it held assets of $517k against liabilities of $1.6m, net assets of -$1.1m.

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.