Satellite Senior Homes III Inc

Analysis

Satellite Senior Homes III Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1982, 44 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 III Inc reported income of $2.7m and spending of $2.4m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.7m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2022, when income rose by 19%. Over the whole period it spent 97% 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 III 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 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Cedarbrook Village Incorporated ($2.7m), Northwest Towers Residents Assoc ($2.7m) and Courage Connection ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $547k. At year end it held assets of $3.9m against liabilities of $7.4m, net assets of -$3.5m.