Carl Inoway Senior Housing Corporation

Analysis

Carl Inoway Senior Housing Corporation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in September 1997, 29 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, Carl Inoway Senior Housing Corporation reported income of $348k and spending of $510k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $348k (+12%), an average of +2.8% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carl Inoway Senior Housing Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within UT. Charities of a similar size with the same main cause include Ppep Senior Housing Services Corp ($348k), Peace Valley Haven Inc ($348k) and 1960 Community Hope Center ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $41k. At year end it held assets of $602k against liabilities of $2.9m, net assets of -$2.3m.

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.