Senior Living Partners of Virginia LLC

Analysis

Senior Living Partners of Virginia LLC is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2022, Senior Living Partners of Virginia LLC reported income of $3.0m and spending of $2.3m, leaving 23% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $1.4m to $3.0m (+107%), an average of +107% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Senior Living Partners of Virginia LLC sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Concordia Medical Equipment ($3.0m), Society of Biological Psychiatry ($3.0m) and Annex Teen Clinic ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $322k (14% of expenses). Other salaries and wages came to $984k. At year end it held assets of $1.3m against liabilities of $261k, net assets of $1.1m. It reported 45 employees.