Stamford Senior Center Inc

Analysis

Stamford Senior Center Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in March 1997, 29 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 2024, Stamford Senior Center Inc reported income of $1.1m and spending of $918k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $652k to $1.1m (+74%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stamford Senior Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Hill Country Family Services Inc ($1.1m), Alameda Meals on Wheels ($1.1m) and Reaching Our City Incorporated ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 5.9% of the total. Other salaries and wages came to $298k. At year end it held assets of $950k against liabilities of $164k, net assets of $785k. It reported 5 employees.