Richmond Senior Services Inc

Analysis

Richmond Senior Services Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in April 1965, 61 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 December 2023, Richmond Senior Services Inc reported income of $224k and spending of $270k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $230k to $224k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richmond Senior Services Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Ryther Child Center League ($224k), Shaq Mason Foundation ($224k) and Craven County Health Department Foundation ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $71k (26% of expenses). At year end it held assets of $105k against liabilities of $138k, net assets of -$33k. It reported 4 employees.