Silver Lake Senior Housing Association

Analysis

Silver Lake Senior Housing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 December 2023, Silver Lake Senior Housing Association reported income of $429k and spending of $437k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $429k (+15%), an average of +3.6% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver Lake Senior Housing Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Northwest Alliance for Alternative Media & Education ($429k), Charlotte Tennis Association Inc ($430k) and Hannah Center Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $83k. At year end it held assets of $1.4m against liabilities of $1.5m, net assets of -$89k.