South Sand Springs Senior Citizens Apartments Inc

Analysis

South Sand Springs Senior Citizens Apartments Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in May 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 April 2024, South Sand Springs Senior Citizens Apartments Inc reported income of $473k and spending of $512k, spending 108% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $378k to $473k (+25%), an average of +5.8% a year. The sharpest change came in the year to April 2024, when income rose by 18%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Sand Springs Senior Citizens Apartments Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include Gallagher Mansion Inc ($473k), East Millinocket Housing Corp ($473k) and Payson Regional Housing Development ($472k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $608k against liabilities of $97k, net assets of $511k.

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.