Garfield County Senior Housing Corp

Analysis

Garfield County Senior Housing Corp is a registered charity in United States, based in Glenwood SPGS, CO. It received its IRS tax-exemption ruling in August 1985, 41 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 June 2023, Garfield County Senior Housing Corp reported income of $543k and spending of $589k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $521k to $543k (+4.3%), an average of +1.4% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garfield County Senior Housing Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Zion Tabernacle Senior Living Center Inc ($543k), Allegria Court Inc ($543k) and Lincoln Park Renewal Corporation ($543k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Other salaries and wages came to $83k. At year end it held assets of $857k against liabilities of $1.5m, net assets of -$646k. It reported 3 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.