One Thousand Southern Artery Senior Citizens Center Inc

Analysis

One Thousand Southern Artery Senior Citizens Center Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in April 1968, 58 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 June 2023, One Thousand Southern Artery Senior Citizens Center Inc reported income of $1.2m and spending of $1.4m, spending 112% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $511k to $1.2m (+137%), an average of +54% a year. The sharpest change came in the year to June 2021, when income rose by 423%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, One Thousand Southern Artery Senior Citizens Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Potrero Hill Neighborhood House Incorporated ($1.2m), Spero Recovery Inc ($1.2m) and Society for Pediatric Research ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $476k. At year end it held assets of $2.9m against liabilities of $67k, net assets of $2.8m. It reported 10 employees.