North Center Senior Housing NFP

Analysis

North Center Senior Housing NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 2024, North Center Senior Housing NFP reported income of $1.0m and spending of $1.3m, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $925k to $1.0m (+12%), an average of +2.9% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Center Senior Housing NFP 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 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include St Johns Elderly Housing Corporation ($1.0m), Very Large Data Bases ($1.0m) and Anchorage Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $200k. At year end it held assets of $13.7m against liabilities of $806k, net assets of $12.9m.

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.