Union Towers Senior Citizens Inc

Analysis

Union Towers Senior Citizens Inc is a registered charity in United States, based in Weymouth, MA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Union Towers Senior Citizens Inc reported income of $76k and spending of $58k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $76k (+1.7%), an average of +0.4% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union Towers Senior Citizens Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Molly Ann Tango Memorial Foundation Inc ($76k), Twef International Inc ($76k) and Marin County Public Safety Officers Association Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. At year end it held assets of $645k against liabilities of $0, net assets of $645k.