Tri-County Senior Citizens & Housing Inc

Analysis

Tri-County Senior Citizens & Housing Inc is a registered charity in United States, based in Monte Vista, CO. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tri-County Senior Citizens & Housing Inc reported income of $364k and spending of $306k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $364k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tri-County Senior Citizens & Housing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Manteca Senior Housing Corporation ($363k), Leading Age Nebraska ($364k) and Centennial Square ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $50k (16% of expenses). Other salaries and wages came to $40k. At year end it held assets of $823k against liabilities of $1.1m, net assets of -$300k. It reported 6 employees.