Service Program for Older People Inc

Analysis

Service Program for Older People Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1979, 47 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, Service Program for Older People Inc reported income of $6.5m and spending of $6.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $6.5m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Service Program for Older People Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Infant Crisis Services ($6.5m), Maine Organic Farmers & Gardeners Association ($6.5m) and Agricenter International Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $772k (13% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $7.5m against liabilities of $2.4m, net assets of $5.1m. It reported 58 employees.