Hendersonville Senior Residence Board Inc

Analysis

Hendersonville Senior Residence Board Inc is a registered charity in United States, based in Hendersonville, TN. It received its IRS tax-exemption ruling in July 1982, 44 years ago. 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 June 2024, Hendersonville Senior Residence Board Inc reported income of $958k and spending of $671k, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $767k to $958k (+25%), an average of +4.5% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hendersonville Senior Residence Board Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Southwest Washington ($958k), Greenbrier Valley Aquatic Center Corp ($958k) and Somerset Educational Broadcasting Foundation ($957k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $145k. At year end it held assets of $886k against liabilities of $655k, net assets of $231k. It reported 5 employees.