Purchase Senior Learning Community Inc

Analysis

Purchase Senior Learning Community Inc is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in June 2017, 9 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, Purchase Senior Learning Community Inc reported income of $2.4m and spending of $2.4m, spending 102% of its income. The sharpest change came in the year to June 2023, when income rose by 4577%. Over the whole period it spent 219% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Purchase Senior Learning Community 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 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Wesley Tower Inc ($2.4m), Asian-American Housing Development Fund Company Inc ($2.4m) and Collins Non-Profit Apartments Inc ($2.4m).

Other salaries and wages came to $727k. At year end it held assets of $454.3m against liabilities of $464.0m, net assets of -$9.8m.

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.