Biscayne Senior Housing Inc

Analysis

Biscayne Senior Housing Inc is a registered charity in United States, based in Florida City, FL. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Biscayne Senior Housing Inc reported income of $330k and spending of $350k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $330k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Biscayne Senior 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 66th percentile within FL. Charities of a similar size with the same main cause include Sawmill Community Land Trust ($330k), Braws-Bringing Resources to Aid Womens Shelters ($330k) and Edgewood Village Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $71k. At year end it held assets of $808k against liabilities of $1.4m, net assets of -$607k.

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.