Sierra Gateway Senior Residence II

Analysis

Sierra Gateway Senior Residence II is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in March 2013, 13 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 September 2023, Sierra Gateway Senior Residence II reported income of $662k and spending of $933k, spending 141% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $476k to $662k (+39%), an average of +8.6% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sierra Gateway Senior Residence II sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Nba Disciples Housing of Greater Kansas City Missouri Inc ($662k), Lutheran Knolls West Incorporated ($662k) and Northwest Michigan Rural Housing Partnership ($662k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $9.0m against liabilities of $10.7m, net assets of -$1.7m.

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.