Redmond Elderly Housing Association

Analysis

Redmond Elderly Housing Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1984, 42 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 June 2023, Redmond Elderly Housing Association reported income of $288k and spending of $335k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $316k to $288k (-8.8%), an average of -2.3% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Redmond Elderly Housing Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Independent Living Waipahu Inc ($288k), Casa Grande Inc ($288k) and Village at Glencliff ($288k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Other salaries and wages came to $73k. At year end it held assets of $873k against liabilities of $850k, net assets of $23k.