Presbyterian Senior Services

Analysis

Presbyterian Senior Services is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1964, 62 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, Presbyterian Senior Services reported income of $9.4m and spending of $8.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $9.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Senior Services 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 93rd percentile within NY. Charities of a similar size with the same main cause include Community Living & Learning Inc ($9.4m), St Croix Valley Foodbank Inc ($9.4m) and Rapid City Y M C a ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $287k (3.5% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $6.8m against liabilities of $1.2m, net assets of $5.7m. It reported 112 employees.