South 7 Senior Housing

Analysis

South 7 Senior Housing is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in August 2004, 22 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, South 7 Senior Housing reported income of $133k and spending of $187k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $133k (+13%), an average of +3.0% a year. Over the whole period it spent 168% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South 7 Senior Housing 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 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include Liberty Apartments Inc ($133k), MP Housing Inc ($133k) and Sweet Beulah Gardens Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.0m against liabilities of $82k, net assets of $1.9m.

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.