Seniorcare Inc

Analysis

Seniorcare Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in June 1973, 53 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, Seniorcare Inc reported income of $13.8m and spending of $14.0m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $14.8m to $13.8m (-6.8%), an average of -2.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seniorcare Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Mercy Chefs Inc ($13.7m), Catholic Charities Inc ($13.8m) and Human Services Center ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $167k (1.2% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $4.5m against liabilities of $2.1m, net assets of $2.4m. It reported 130 employees.