Greater Owensboro Senior Citizens Union Labor Housing Corporation

Analysis

Greater Owensboro Senior Citizens Union Labor Housing Corporation is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in September 1975, 51 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 September 2023, Greater Owensboro Senior Citizens Union Labor Housing Corporation reported income of $506k and spending of $85k, leaving 83% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $421k to $506k (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2022, when income rose by 38%. Over the whole period it spent 16% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Owensboro Senior Citizens Union Labor Housing Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include The Arc of Delaware Inc ($505k), A Place for You ($506k) and Abc Building Services ($505k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $79k. At year end it held assets of $15.7m against liabilities of $63k, net assets of $15.7m.