Comstock Senior Citizens Housing Inc

Analysis

Comstock Senior Citizens Housing Inc is a registered charity in United States, based in Galesburg, MI. It received its IRS tax-exemption ruling in July 1985, 41 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 December 2023, Comstock Senior Citizens Housing Inc reported income of $314k and spending of $315k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $314k (+6.2%), an average of +1.5% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Comstock Senior Citizens Housing Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Urban Alliance Inc ($314k), Self Reliance Housing Inc ($314k) and Luther Knoll Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. Other salaries and wages came to $31k. At year end it held assets of $601k against liabilities of $976k, net assets of -$375k.