Edgewood Seniors Preservation Corporation

Analysis

Edgewood Seniors Preservation Corporation is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edgewood Seniors Preservation Corporation reported income of $802k and spending of $985k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $758k to $802k (+5.9%), an average of +1.4% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edgewood Seniors Preservation Corporation 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 Re-Build Foundation Inc ($802k), Partners for Progress Inc ($802k) and Winslow Village II Inc ($802k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $4.5m against liabilities of $7.2m, net assets of -$2.7m.

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.