Colony Care Senior Living Inc

Analysis

Colony Care Senior Living Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Colony Care Senior Living Inc reported income of $4.2m and spending of $3.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.2m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colony Care Senior Living Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Jared Allens Homes for Wounded Warriors ($4.1m), Campbell-Stone North Apartments Inc ($4.2m) and Catholic Housing Services of Eastern Washington ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $60k (1.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $1.1m against liabilities of $212k, net assets of $901k. It reported 226 employees.