Salina Elderly Housing Inc

Analysis

Salina 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salina Elderly Housing Inc reported income of $163k and spending of $195k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $163k (-3.2%), an average of -0.8% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salina Elderly Housing Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OK. Charities of a similar size with the same main cause include Stamford Affordable Homes Inc ($163k), Del Rio Rotary Housing ($163k) and Hope House III Inc ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $16k. At year end it held assets of $183k against liabilities of $344k, net assets of -$161k.