Neary Lagoon Senior Housing Inc

Analysis

Neary Lagoon Senior Housing Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in December 1991, 35 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 June 2024, Neary Lagoon Senior Housing Inc reported income of $976k and spending of $1.0m, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $757k to $976k (+29%), an average of +5.2% a year. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neary Lagoon Senior Housing Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Beaumont Senior Citizens Housing Inc ($975k), Covenant Homes Inc ($977k) and Whalebone Housing Development Fund Company Inc ($975k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $74k. At year end it held assets of $2.7m against liabilities of $1.9m, net assets of $812k.