Advent Senior Housing Inc

Analysis

Advent Senior Housing Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in April 1984, 42 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, Advent Senior Housing Inc reported income of $360k and spending of $400k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $338k to $360k (+6.5%), an average of +1.6% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advent Senior Housing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Housing Innovations Corporation ($360k), Tennessee Association of Housing & Redevelopment Authorities ($360k) and Keuka Comfort Care ($360k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $49k. At year end it held assets of $763k against liabilities of $2.8m, net assets of -$2.0m. It reported 1 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.