Winchester Seniors Association Inc

Analysis

Winchester Seniors Association Inc is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in February 1977, 49 years ago. 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 March 2024, Winchester Seniors Association Inc reported income of $435k and spending of $563k, spending 129% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $3.0m to $435k (-86%), an average of -32% a year. The sharpest change came in the year to March 2022, when income rose by 217%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Winchester Seniors Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Disciples Ministry for Elderly ($435k), Azalea Youth Soccer League Inc ($435k) and Men About Change Inc ($435k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 36% and program service revenue 30% of the total. Other salaries and wages came to $237k. At year end it held assets of $7.8m against liabilities of $15k, net assets of $7.8m. It reported 14 employees.