Vaughan Place Senior Living Community Inc

Analysis

Vaughan Place Senior Living Community Inc is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in July 1984, 42 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vaughan Place Senior Living Community Inc reported income of $1.4m and spending of $1.8m, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.5m to $1.4m (-43%), an average of -13% a year. The sharpest change came in the year to September 2022, when income dropped by 27%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vaughan Place Senior Living Community Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Educationnc ($1.4m), Pinemont Incorporated ($1.4m) and National School Public Relations Association ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $103k (5.8% of expenses). Other salaries and wages came to $756k. At year end it held assets of $3.3m against liabilities of $1.6m, net assets of $1.6m. It reported 5 employees.