Estuary Council of Seniors Inc

Analysis

Estuary Council of Seniors Inc is a registered charity in United States, based in Old Saybrook, CT. It received its IRS tax-exemption ruling in May 1975, 51 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 September 2023, Estuary Council of Seniors Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Estuary Council of Seniors Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include FBC Community Ministries Inc ($1.8m), We Are Your Children Inc ($1.8m) and Durango Food Bank ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $120k (6.8% of expenses). Other salaries and wages came to $573k. At year end it held assets of $3.8m against liabilities of $412k, net assets of $3.3m. It reported 19 employees.