Russellville Senior Housing Inc

Analysis

Russellville Senior Housing Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Russellville Senior Housing Inc reported income of $164k and spending of $213k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $164k (+30%), an average of +6.7% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Russellville Senior Housing Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within KY. Charities of a similar size with the same main cause include Housing Opportunites Team ($164k), Vesta Three Inc ($164k) and Hometown Apartments Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $49k. At year end it held assets of $1.6m against liabilities of $16k, net assets of $1.6m.

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.