Benzie Senior Resources

Analysis

Benzie Senior Resources is a registered charity in United States, based in Honor, MI. It received its IRS tax-exemption ruling in June 2003, 23 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, Benzie Senior Resources reported income of $2.2m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $2.2m (+18%), an average of +4.2% a year. 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, Benzie Senior Resources sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Addison County Community Action Group Inc ($2.2m), Blaine County Seniors Council Inc ($2.2m) and Lakewood Development Corporation ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $90k (3.9% of expenses). Other salaries and wages came to $995k. At year end it held assets of $1.2m against liabilities of $835k, net assets of $358k. It reported 39 employees.