Annie Schaffer Senior Center of Schenectady County Inc

Analysis

Annie Schaffer Senior Center of Schenectady County Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in July 1958, 68 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Annie Schaffer Senior Center of Schenectady County Inc reported income of $2.1m and spending of $2.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+16%), an average of +3.8% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Annie Schaffer Senior Center of Schenectady County 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 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Pro Viviendas I Inc ($2.1m), Gorman Towers Inc ($2.1m) and Gerard Place Housing Development Fund Company Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $255k. At year end it held assets of $7.0m against liabilities of $11.2m, net assets of -$4.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.