Older Americans Satellite Housing Inc

Analysis

Older Americans Satellite Housing Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in October 1978, 48 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Older Americans Satellite Housing Inc reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.7m to $2.0m (+15%), an average of +3.6% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Older Americans Satellite Housing Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Division Housing Corporation ($2.0m), The Development Corporation of Tarrant County ($2.0m) and Habitat for Humanity International Inc ($2.0m).

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 $668k. At year end it held assets of $1.8m against liabilities of $634k, net assets of $1.1m. It reported 39 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.