LGBTQ Senior Housing Inc

Analysis

LGBTQ Senior Housing Inc is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in October 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LGBTQ Senior Housing Inc reported income of $2.2m and spending of $349k, leaving 84% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $376k to $2.2m (+484%), an average of +142% a year. The sharpest change came in the year to December 2023, when income rose by 215%. Over the whole period it spent 19% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LGBTQ Senior Housing Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Affordable Housing Connections ($2.2m), Norman Affordable Housing Corporation ($2.2m) and Partners in Housing Development Corporation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $152k (44% of expenses). At year end it held assets of $3.2m against liabilities of $18k, net assets of $3.1m.