Central Columbia Senior Living

Analysis

Central Columbia Senior Living is a registered charity in United States, based in Quincy, WA. It received its IRS tax-exemption ruling in October 2005, 21 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, Central Columbia Senior Living reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+7.3%), an average of +1.8% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Columbia Senior Living sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Bethany Development Corporation ($1.5m), Elmwood Park Senior Complex Inc ($1.5m) and Southern Maine Affordable Housing ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $21k (1.3% of expenses). Other salaries and wages came to $791k. At year end it held assets of $4.1m against liabilities of $3.0m, net assets of $1.0m. It reported 40 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.