Locust Grove Elderly Housing Inc

Analysis

Locust Grove Elderly Housing Inc is a registered charity in United States, based in Tahlequah, OK. It received its IRS tax-exemption ruling in September 1988, 38 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, Locust Grove Elderly Housing Inc reported income of $180k and spending of $176k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $180k (+14%), an average of +3.3% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Locust Grove Elderly Housing Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within OK. Charities of a similar size with the same main cause include Coulee Homes Ltd ($180k), Sky Parkway Mutual Housing Corporation ($180k) and Northcliff Gardens Incorporated ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $14k. At year end it held assets of $344k against liabilities of $370k, net assets of -$26k.