Senora Woods Retirement Community

Analysis

Senora Woods Retirement Community is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Senora Woods Retirement Community reported income of $358k and spending of $348k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $335k to $358k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senora Woods Retirement Community sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Kfyi Knoxville Food Youth Initiative ($357k), Finally Family Homes ($358k) and Supporting the Taylor House ($357k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.7m against liabilities of $2.8m, net assets of -$1.2m. It reported 3 employees.