Senior Needs Committee of Wells & Ogunquit

Analysis

Senior Needs Committee of Wells & Ogunquit is a registered charity in United States, based in Wells, ME. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, Senior Needs Committee of Wells & Ogunquit reported income of $248k and spending of $196k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $248k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 42%. 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, Senior Needs Committee of Wells & Ogunquit sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Assistance League of Hemacinto ($248k), Donor Sibling Registry ($248k) and Community for Christ Assistance Center ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 0.8% of the total. Other salaries and wages came to $62k. At year end it held assets of $958k against liabilities of $206k, net assets of $752k. It reported 4 employees.