Scriber Pointe Senior Housing Association

Analysis

Scriber Pointe Senior Housing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in November 1999, 27 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, Scriber Pointe Senior Housing Association reported income of $592k and spending of $521k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $592k (+129%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Scriber Pointe Senior Housing Association sits at the 61st percentile: it is larger than about 61% 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 Hope Springs Incorporated ($591k), Independence Industries ($592k) and East Detroit Area Non-Profit Housing Corporation ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 22% of the total. Other salaries and wages came to $85k. At year end it held assets of $2.4m against liabilities of $32k, net assets of $2.3m.