Residences at Eaton Senior Communities

Analysis

Residences at Eaton Senior Communities is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in March 1980, 46 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 September 2023, Residences at Eaton Senior Communities reported income of $6.0m and spending of $5.0m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $6.0m (+80%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residences at Eaton Senior Communities sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Centro Campesino Farmworker ($6.0m), Resurrection Street Ministry Incorporated ($6.0m) and Southside United Housing Development Fund Corporation ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.0% and program service revenue 90% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $15.4m against liabilities of $16.6m, net assets of -$1.3m. It reported 43 employees.