Sarah Seneca Residential Serives Inc

Analysis

Sarah Seneca Residential Serives Inc is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in October 1994, 32 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, Sarah Seneca Residential Serives Inc reported income of $9.4m and spending of $9.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $9.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sarah Seneca Residential Serives Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Emerald Care ($9.4m), Hospice of Jackson ($9.4m) and First Up ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $133k (1.4% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $4.1m against liabilities of $2.1m, net assets of $2.0m. It reported 156 employees.