Silver View Senior Housing Association

Analysis

Silver View Senior Housing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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, Silver View Senior Housing Association reported income of $600k and spending of $416k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $600k (+145%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver View Senior Housing Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Wilderstein Preservation ($599k), Camarillo Baseball Softball Association ($600k) and Volunteers of America Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $67k. At year end it held assets of $1.9m against liabilities of $29k, net assets of $1.8m.