Satellite Senior Homes Newark Gardens II Inc

Analysis

Satellite Senior Homes Newark Gardens II Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in May 1993, 33 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 September 2023, Satellite Senior Homes Newark Gardens II Inc reported income of $562k and spending of $559k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $462k to $562k (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 109% 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 Newark Gardens II Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Montana Chamber Foundation ($562k), Phoenix School Inc ($562k) and Genesis House Inc ($562k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Other salaries and wages came to $118k. At year end it held assets of $2.8m against liabilities of $61k, net assets of $2.7m.