National Investment Center for Seniors Housing & Care Inc

Analysis

National Investment Center for Seniors Housing & Care Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, National Investment Center for Seniors Housing & Care Inc reported income of $13.5m and spending of $19.1m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.8m to $13.5m (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2022, when income rose by 226%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Investment Center for Seniors Housing & Care Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Family Pathways ($13.5m), Young Mens Christian Association of Southeastern North Carolina Inc ($13.5m) and Berkeley Citizens Inc ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 109% of the total. Compensation of current officers, directors and key employees was $2.1m (11% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $43.1m against liabilities of $8.1m, net assets of $35.0m. It reported 37 employees.