Senior Living Alternatives Inc

Analysis

Senior Living Alternatives Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1986, 40 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 2023, Senior Living Alternatives Inc reported income of $828k and spending of $775k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $620k to $828k (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Living Alternatives Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Family Promise of Delaware County ($828k), West Farms Neighborhood Housing Development Fund Co Inc ($828k) and Benetwood Corporation ($828k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $472k. At year end it held assets of $183k against liabilities of $362k, net assets of -$179k. It reported 21 employees.