Satellite Senior Homes II Inc

Analysis

Satellite Senior Homes II Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1979, 47 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 September 2023, Satellite Senior Homes II Inc reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2022, when income rose by 19%. 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, Satellite Senior Homes II 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 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include San Luis Valley Housing Coalition Inc ($3.0m), Habitat for Humanity International Inc ($3.0m) and Illinois Valley Public Action to Deliver Shelter - IV Pads ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $566k. At year end it held assets of $6.1m against liabilities of $7.9m, net assets of -$1.7m.