Adams Senior Citizen Housing Corporation

Analysis

Adams 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, Adams Senior Citizen Housing Corporation reported income of $717k and spending of $937k, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $635k to $717k (+13%), an average of +4.1% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adams Senior Citizen Housing Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Freeport Senior Housing Inc ($716k), Change-All Souls Housing Corporation ($717k) and Rebuilding Together Petaluma Inc ($716k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $2.2m against liabilities of $68k, net assets of $2.2m.

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.