Aberdeen Senior Housing Inc

Analysis

Aberdeen Senior Housing Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in July 2003, 23 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 June 2023, Aberdeen Senior Housing Inc reported income of $647k and spending of $798k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $524k to $647k (+23%), an average of +5.4% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aberdeen Senior Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Olympic Village Inc ($646k), Blackstone Housing Corporation Joseph D Early Village ($647k) and River Community Homes Inc ($646k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Other salaries and wages came to $200k. At year end it held assets of $4.0m against liabilities of $6.6m, net assets of -$2.6m.

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.