Independence Park II Senior Housing Inc

Analysis

Independence Park II Senior Housing Inc is a registered charity in United States, based in Clackamas, OR. It received its IRS tax-exemption ruling in August 2005, 21 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 June 2024, Independence Park II Senior Housing Inc reported income of $232k and spending of $339k, spending 146% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $182k to $232k (+27%), an average of +4.9% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence Park II Senior Housing Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Independence Park Senior Housing Inc ($232k), McKendree Oaks at Savannah Inc ($232k) and Scoc Corporation ($232k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $2.0m against liabilities of $3.6m, net assets of -$1.6m.

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.