Methodist Episcopal Senior Housing Inc

Analysis

Methodist Episcopal Senior Housing Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in September 1982, 44 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, Methodist Episcopal Senior Housing Inc reported income of $436k and spending of $327k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $436k (+6.8%), an average of +1.7% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Methodist Episcopal Senior Housing Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Ministry in Action Living Center of Lufkin Inc ($435k), Cortview Village ($436k) and Navajo Townsite Community Development Corporation ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $1.0m against liabilities of $1.4m, net assets of -$328k.