Seniorcare Montchanin Inc

Analysis

Seniorcare Montchanin Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in December 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 December 2023, Seniorcare Montchanin Inc reported income of $27.0m and spending of $12.2m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.2m to $27.0m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seniorcare Montchanin Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($26.9m), Wellspan Properties Inc ($27.0m) and Columbus Property Management & Development Inc ($26.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 30% of the total. Compensation of current officers, directors and key employees was $438k (3.6% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $783k. It reported 170 employees.