South Shore Elder Services Inc

Analysis

South Shore Elder Services Inc is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in October 1977, 49 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, South Shore Elder Services Inc reported income of $36.9m and spending of $37.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.3m to $36.9m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Shore Elder Services Inc 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 MA. Charities of a similar size with the same main cause include North Florida Retirement Village Inc ($36.9m), Young Mens Christian Association of Northwest North Carolina ($37.0m) and Paul Shelton HCSR ($36.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $9.5m. At year end it held assets of $20.6m against liabilities of $15.0m, net assets of $5.6m. It reported 165 employees.