Senior Service Centers of the Albany Area Inc

Analysis

Senior Service Centers of the Albany Area Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1975, 51 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, Senior Service Centers of the Albany Area Inc reported income of $1.8m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.8m (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. 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, Senior Service Centers of the Albany Area Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Cil Realty Inc ($1.8m), Beloved Builders Inc ($1.8m) and Tennessee Valley Youth Services II Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $186k (10% of expenses). Other salaries and wages came to $655k. It paid $33k in professional fundraising fees. At year end it held assets of $862k against liabilities of $303k, net assets of $559k. It reported 54 employees.