Upstate Senior Living Inc

Analysis

Upstate Senior Living Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Upstate Senior Living Inc reported income of $25.3m and spending of $25.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.1m to $25.3m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upstate Senior Living Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Intergenerational Living & Health Care Inc ($25.3m), Village Shalom Inc ($25.3m) and Young Mens Christian Association of the Virginia Peninsulas ($25.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $726k (2.8% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $130.6m against liabilities of $179.3m, net assets of -$48.7m. It reported 376 employees.

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.