Satellite Senior Homes Inc

Analysis

Satellite Senior Homes Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1967, 59 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 September 2023, Satellite Senior Homes Inc reported income of $6.3m and spending of $17.3m, spending 277% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.6m to $6.3m (+12%), an average of +2.8% a year. Over the whole period it spent 134% 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 Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Education Forward Arizona ($6.3m), G I L Foundation Inc ($6.3m) and Bay Shore Services Inc ($6.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 15% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $40.3m against liabilities of $8.3m, net assets of $32.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.