Madison Senior Citizen Housing Corporation

Analysis

Madison Senior Citizen Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Senior Citizen Housing Corporation reported income of $657k and spending of $874k, spending 133% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $593k to $657k (+11%), an average of +3.5% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison Senior Citizen Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Edna-Islay Housing Corporation ($657k), Avalon Second Nonprofit Housing Corporation ($657k) and Freeport Senior Housing Inc ($657k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $2.8m against liabilities of $57k, net assets of $2.8m.

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.