Claremont Senior Center Inc

Analysis

Claremont Senior Center Inc is a registered charity in United States, based in Claremont, NH. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Claremont Senior Center Inc reported income of $122k and spending of $147k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $122k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Claremont Senior Center Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within NH. Charities of a similar size with the same main cause include Curated Pathways to Innovation ($122k), Hillendale Elementary School PTO ($122k) and Van Wyck Elementary School PTO ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $15k (10% of expenses). Other salaries and wages came to $11k. At year end it held assets of $509k against liabilities of $4,959, net assets of $504k. It reported 5 employees.