Kane County Senior Living

Analysis

Kane County Senior Living is a registered charity in United States, based in Geneva, IL. It received its IRS tax-exemption ruling in March 2004, 22 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 July 2023, Kane County Senior Living reported income of $1.8m and spending of $3.8m, spending 208% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.0m to $1.8m (-39%), an average of -12% a year. The sharpest change came in the year to July 2022, when income rose by 87%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kane County Senior Living 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 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Hosanna Heartland ($1.8m), Meadowbrook Terrace Inc ($1.8m) and Southeast Center for Independent Living Inc ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14.3m against liabilities of $17.7m, net assets of -$3.4m.

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.