Belmont Place Senior Houing Inc

Analysis

Belmont Place Senior Houing Inc is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in December 2003, 23 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, Belmont Place Senior Houing Inc reported income of $95k and spending of $139k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $95k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belmont Place Senior Houing Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within OK. Charities of a similar size with the same main cause include Chataignier Affordable Housing Inc ($95k), Habitat for Humanity International Inc ($95k) and Bethany Lutheran Foundation Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $13k. At year end it held assets of $756k against liabilities of $1.3m, net assets of -$561k.

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.