Ohio Region Senior Citizens Housing Corporation III

Analysis

Ohio Region Senior Citizens Housing Corporation III is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2023, Ohio Region Senior Citizens Housing Corporation III reported income of $335k and spending of $428k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $269k to $335k (+24%), an average of +7.5% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ohio Region Senior Citizens Housing Corporation III sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include Diamond Sunrise Corp ($335k), Cornerstone Homes River Garden Inc ($335k) and Momentum Housing Inc ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 48% of the total. Other salaries and wages came to $52k. At year end it held assets of $2.2m against liabilities of $3.0m, net assets of -$758k.

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.