Hialeah Elderly Housing Inc

Analysis

Hialeah Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Hialeah Elderly Housing Inc reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.3m (+4.9%), an average of +1.6% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hialeah Elderly Housing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Broadmoor United Methodist Preschool ($1.3m), Mercy Family Center ($1.3m) and Malden Public Library ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $235k. At year end it held assets of $4.0m against liabilities of $134k, net assets of $3.8m.

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.