Sunset Elderly Housing Corporation

Analysis

Sunset Elderly Housing Corporation is a registered charity in United States, based in Sunset, LA. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Sunset Elderly Housing Corporation reported income of $536k and spending of $577k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $536k (+20%), an average of +4.6% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunset Elderly Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Omni Youth Programs ($536k), Sanabil Foundation ($536k) and Charles Simpson Ministries Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Other salaries and wages came to $43k. At year end it held assets of $2.9m against liabilities of $2.3m, net assets of $587k.

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.