Taylorsville Senior Housing Corporation

Analysis

Taylorsville Senior Housing Corporation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in March 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 December 2023, Taylorsville Senior Housing Corporation reported income of $484k and spending of $742k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $484k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Taylorsville Senior Housing Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within UT. Charities of a similar size with the same main cause include The Salvation Army El Sobrante Residences Inc ($483k), Abbey RHF Housing Inc ($484k) and Victor Sanchez Jr HDFC ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Other salaries and wages came to $64k. At year end it held assets of $7.8m against liabilities of $8.6m, net assets of -$746k.

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.