Odenton Senior Housing Inc

Analysis

Odenton Senior Housing Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in January 1998, 28 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, Odenton Senior Housing Inc reported income of $784k and spending of $932k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $692k to $784k (+13%), an average of +3.2% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Odenton Senior Housing Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Telacu Housing-Pacoima Inc ($783k), Skid Row Development Corp ($784k) and West Village Retirement Community Inc ($783k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $202k. At year end it held assets of $3.9m against liabilities of $7.7m, net assets of -$3.8m.

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.