Satellite Senior Homes IV Inc

Analysis

Satellite Senior Homes IV Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in November 1983, 43 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 December 2023, Satellite Senior Homes IV Inc reported income of $595k and spending of $595k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $113k to $595k (+429%), an average of +130% a year. The sharpest change came in the year to December 2022, when income rose by 337%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Satellite Senior Homes IV Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Community Christian Concern of Slidell ($595k), Coweta Falls Steeplechase Inc ($595k) and Economic Development Corporation of Shasta County ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Other salaries and wages came to $103k. At year end it held assets of $4.6m against liabilities of $4.6m, net assets of $0.