Access Senior Housing of Franklin Inc

Analysis

Access Senior Housing of Franklin Inc is a registered charity in United States, based in Willimantic, CT. It received its IRS tax-exemption ruling in July 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Access Senior Housing of Franklin Inc reported income of $360k and spending of $469k, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $325k to $360k (+11%), an average of +3.5% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Access Senior Housing of Franklin Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Generating Hope Inc ($360k), Belong Art Community ($360k) and Peoples Redevelopment Corporation ($360k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $4.3m against liabilities of $45k, net assets of $4.2m.

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.