Piedmont Senior Housing Corporation

Analysis

Piedmont Senior Housing Corporation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in July 1992, 34 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, Piedmont Senior Housing Corporation reported income of $294k and spending of $238k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $294k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Piedmont Senior Housing Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include Janua Coeli Inc ($294k), Southview Housing Inc ($294k) and Gila House Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $34k. At year end it held assets of $384k against liabilities of $1.8m, net assets of -$1.4m.