Older Americans Housing Inc

Analysis

Older Americans Housing Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in December 1978, 48 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 March 2024, Older Americans Housing Inc reported income of $2.3m and spending of $2.6m, spending 113% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.0m to $2.3m (+14%), an average of +3.3% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Older Americans Housing Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Montessori Academy of Lancaster ($2.3m), Citizen University ($2.3m) and Boy Scouts of America ($2.3m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $738k. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m. It reported 35 employees.

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.