Venice Senior Housing Corporation

Analysis

Venice Senior Housing Corporation is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in December 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Venice Senior Housing Corporation reported income of $771k and spending of $946k, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $732k to $771k (+5.4%), an average of +1.3% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Venice Senior Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Elm Court II Inc ($771k), Cathedral Hill Housing Corporation ($772k) and Community Missions Corporation ($770k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $6.9m against liabilities of $9.9m, net assets of -$3.0m.

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.