Seniorsplus

Analysis

Seniorsplus is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Seniorsplus reported income of $30.8m and spending of $30.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.3m to $30.8m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seniorsplus sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include St Annes Family Services ($30.8m), Lakemary Center Inc ($30.9m) and Feeding South Dakota ($30.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $297k (1.0% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $10.3m against liabilities of $3.4m, net assets of $6.9m. It reported 161 employees.