Central Park Senior Residences Inc

Analysis

Central Park Senior Residences Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 1999, 27 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 May 2023, Central Park Senior Residences Inc reported income of $207k and spending of $266k, spending 129% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $188k to $207k (+9.9%), an average of +3.2% a year. The sharpest change came in the year to May 2021, when income rose by 26%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Park Senior Residences Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KS. Charities of a similar size with the same main cause include Tulsa Jewish Retirement Foundation ($207k), St Katharine Drexel Manor Inc ($207k) and The Roher Foundation ($207k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. At year end it held assets of $776k against liabilities of $54k, net assets of $722k.

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.