Hong Ning Senior Housing Corporation

Analysis

Hong Ning Senior Housing Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1985, 41 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 December 2023, Hong Ning Senior Housing Corporation reported income of $662k and spending of $518k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $539k to $662k (+23%), an average of +5.3% a year. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hong Ning Senior Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include The Salvation Army Escondido Residences Inc ($662k), Gruber Mill Inc ($663k) and Lutheran Knolls West Incorporated ($662k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $97k. At year end it held assets of $589k against liabilities of $775k, net assets of -$186k.