Newberry Elderly Housing Inc

Analysis

Newberry Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2023, Newberry Elderly Housing Inc reported income of $324k and spending of $361k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $279k to $324k (+16%), an average of +3.8% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newberry Elderly Housing Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include Bnai Brith Wiregrass Senior Housing II Inc ($323k), Garden Court Downtown Inc ($324k) and Great Falls Elderly Housing Inc ($323k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $458k against liabilities of $37k, net assets of $421k.

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.