Reisterstown Gardens Senior Housing Inc

Analysis

Reisterstown Gardens Senior Housing Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Reisterstown Gardens Senior Housing Inc reported income of $613k and spending of $722k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $503k to $613k (+22%), an average of +5.0% a year. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reisterstown Gardens Senior Housing Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Lima 370 Charity Foundation Inc ($613k), Illinois Association of College Admission Counselors ($613k) and Grand Harbor Community Outreach Program Inc ($613k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $212k. At year end it held assets of $3.0m against liabilities of $5.1m, net assets of -$2.1m.

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.