Seagoville Senior Citizens Home Inc

Analysis

Seagoville Senior Citizens Home Inc is a registered charity in United States, based in Seagoville, TX. It received its IRS tax-exemption ruling in May 1987, 39 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 December 2023, Seagoville Senior Citizens Home Inc reported income of $588k and spending of $593k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $588k (+14%), an average of +3.3% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seagoville Senior Citizens Home Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Meadow Park Senior Housing Association ($588k), Beulah Land Development Corporation Inc ($589k) and TG 302 Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. Other salaries and wages came to $129k. At year end it held assets of $725k against liabilities of $1.2m, net assets of -$446k.