Norma Locklear-Pitts Senior Community Inc

Analysis

Norma Locklear-Pitts Senior Community Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in February 2008, 18 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, Norma Locklear-Pitts Senior Community Inc reported income of $296k and spending of $414k, spending 140% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $245k to $296k (+21%), an average of +4.9% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Norma Locklear-Pitts Senior Community Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include Lake Senior Housing Corporation ($296k), Partnership Housing of Southwest Alabama ($296k) and Mercy Gardens ($296k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. At year end it held assets of $3.3m against liabilities of $27k, net assets of $3.3m.

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.