Greater Springfield Senior Services Inc

Analysis

Greater Springfield Senior Services Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in April 1973, 53 years ago. 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 2024, Greater Springfield Senior Services Inc reported income of $44.8m and spending of $41.4m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $33.1m to $44.8m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Springfield Senior Services Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include National Association of Corporate Directors ($44.8m), Pennsylvania Coalition Against Domestic Violence ($44.8m) and National Association of Boards of Pharmacy ($44.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $390k (0.9% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $30.6m against liabilities of $4.9m, net assets of $25.8m. It reported 311 employees.