Elderly Housing Inc

Analysis

Elderly Housing Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in August 1995, 31 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, Elderly Housing Inc reported income of $136k and spending of $171k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $136k (+8.5%), an average of +2.1% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elderly Housing Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OK. Charities of a similar size with the same main cause include Trinity Village Non-Profit Housing Corporation ($136k), Ascendant Neighborhood Development Corporation ($136k) and Esct Austin Housing IV Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $238k against liabilities of $23k, net assets of $215k.

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.