Spring Valley Elderly Housing Inc

Analysis

Spring Valley Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 1987, 39 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, Spring Valley Elderly Housing Inc reported income of $473k and spending of $402k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $473k (+7.2%), an average of +1.8% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spring Valley Elderly Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Alverno Apartments Inc ($473k), Fairview Senior Housing Inc ($474k) and Natures Classroom Institute of Wisconsin Inc ($473k).

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 $102k. At year end it held assets of $474k against liabilities of $804k, net assets of -$330k.