Limestone Senior Housing Inc

Analysis

Limestone Senior Housing Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 1992, 34 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 September 2023, Limestone Senior Housing Inc reported income of $397k and spending of $467k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $314k to $397k (+27%), an average of +6.1% a year. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Limestone Senior Housing Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include Mas Comunidad ($397k), Road Runners Club of America ($398k) and Memphis Boys Athletic Association ($397k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $92k. At year end it held assets of $894k against liabilities of $35k, net assets of $860k.

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.