Lake Chelan Senior Housing Inc

Analysis

Lake Chelan Senior Housing Inc is a registered charity in United States, based in Chelan, WA. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake Chelan Senior Housing Inc reported income of $2.4m and spending of $1.7m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+109%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Chelan Senior Housing Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Franciscan Center Inc ($2.4m), Loaves & Fishes Food Pantry Inc ($2.4m) and Boyd Andrew Management Services ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $882k. At year end it held assets of $2.0m against liabilities of $1.6m, net assets of $336k. It reported 42 employees.