Harrah Senior Housing Corporation II

Analysis

Harrah Senior Housing Corporation II is a registered charity in United States, based in Harrah, OK. It received its IRS tax-exemption ruling in March 1993, 33 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 June 2023, Harrah Senior Housing Corporation II reported income of $251k and spending of $260k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $240k to $251k (+4.2%), an average of +1.4% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harrah Senior Housing Corporation II sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within OK. Charities of a similar size with the same main cause include Texas Association of Hostage Negotiators ($251k), Mill Creek Apartments ($251k) and Save Development Corporation ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $70k. At year end it held assets of $730k against liabilities of $1.8m, net assets of -$1.1m. It reported 6 employees.

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.