Edward King House Senior Center Inc

Analysis

Edward King House Senior Center Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Edward King House Senior Center Inc reported income of $372k and spending of $612k, spending 165% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $228k to $372k (+63%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 250%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Edward King House Senior Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within RI. Charities of a similar size with the same main cause include Centro Coameno Para LA Vejez Inc ($371k), Olivet Academy Early Learning Center ($372k) and Safe in Lenoir County Inc ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $63k (10% of expenses). Other salaries and wages came to $98k. At year end it held assets of $794k against liabilities of $4,791, net assets of $790k. It reported 4 employees.