Edgewood Senior Solutions Group Inc

Analysis

Edgewood Senior Solutions Group Inc is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edgewood Senior Solutions Group Inc reported income of $1.9m and spending of $1.6m, spending 85% of its income. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edgewood Senior Solutions Group Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Housing Council at Pathstone Inc ($1.9m), Housing and Economic Concepts Inc ($1.9m) and FHM Associates Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.0m (62% of expenses). Other salaries and wages came to $38k. At year end it held assets of $30k against liabilities of $362k, net assets of -$332k. It reported 2 employees.