Elderly Housing Service Corporation

Analysis

Elderly Housing Service Corporation is a registered charity in United States, based in Westland, MI. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elderly Housing Service Corporation reported income of $124k and spending of $138k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $124k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elderly Housing Service Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Kewaskum Firefighters Associationinc ($124k), Ascm Rochester Inc ($124k) and Hansford County Library ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $51k against liabilities of $10k, net assets of $41k.