McRae Senior Housing Inc

Analysis

McRae Senior Housing Inc is a registered charity in United States, based in Batesville, AR. It received its IRS tax-exemption ruling in May 1999, 27 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, McRae Senior Housing Inc reported income of $114k and spending of $131k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $114k (+21%), an average of +4.9% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McRae Senior Housing Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within AR. Charities of a similar size with the same main cause include Keystone Place Housing Corporation ($114k), Ted Williams Housing Corporation ($114k) and Dreamscapes Building Visions Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $543k against liabilities of $11k, net assets of $532k.

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.