Eaton Senior Communities Inc

Analysis

Eaton Senior Communities Inc is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in May 1998, 28 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Eaton Senior Communities Inc reported income of $355k and spending of $413k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $370k to $355k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to September 2021, when income rose by 87%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eaton Senior Communities 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 Sinai Assisted Housing Foundation Inc ($355k), Oral Lee Brown Foundation ($355k) and Volunteers of America Inc ($355k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 119% of the total. Compensation of current officers, directors and key employees was $233k (56% of expenses). Other salaries and wages came to $28k. At year end it held assets of $2.6m against liabilities of $225k, net assets of $2.4m. It reported 41 employees.

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.