Landmark Homes for Elderly Inc

Analysis

Landmark Homes for Elderly Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in January 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Landmark Homes for Elderly Inc reported income of $141k and spending of $137k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $99k to $141k (+43%), an average of +9.3% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Landmark Homes for Elderly Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Cumberland-Perry Housing Initiatives Inc ($141k), A C Ware Housing Development Fund Company Inc ($141k) and St Catherine Manor Inc ($141k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $574k against liabilities of $1.1m, net assets of -$562k.