Seniors Rising Homes Inc

Analysis

Seniors Rising Homes Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in May 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Seniors Rising Homes Inc reported income of $1.5m and spending of $2.0m, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $1.5m (+22%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seniors Rising Homes Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Working in Neighborhoods ($1.5m), Lithuanian World Center ($1.5m) and Greater Valdosta United Way Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $158k (8.1% of expenses). Other salaries and wages came to $451k. At year end it held assets of $14.5m against liabilities of $13.9m, net assets of $606k. It reported 5 employees.