Areawide Housing for the Elderly of Broward Inc

Analysis

Areawide Housing for the Elderly of Broward Inc is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 April 2024, Areawide Housing for the Elderly of Broward Inc reported income of $1.8m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $1.6m to $1.8m (+11%), an average of +2.5% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Areawide Housing for the Elderly of Broward Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Fremont Christian School ($1.8m), Eras Senior Network Inc ($1.8m) and Childrens Place at the Plaza Inc ($1.8m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $520k. At year end it held assets of $2.2m against liabilities of $4.4m, net assets of -$2.2m.