Cardinal Shehan Center for Aging

Analysis

Cardinal Shehan Center for Aging is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Cardinal Shehan Center for Aging reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.6m (+11%), an average of +2.7% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cardinal Shehan Center for Aging sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Fairbanks Rescue Mission Inc ($3.6m), Greater Brunswick Housing Corporation ($3.6m) and Four Seasons Health Care Center Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. Other salaries and wages came to $781k. At year end it held assets of $10.3m against liabilities of $5.4m, net assets of $4.9m.