Greater Glens Falls Senior Citizen Center Inc

Analysis

Greater Glens Falls Senior Citizen Center Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in March 1961, 65 years ago. 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 September 2023, Greater Glens Falls Senior Citizen Center Inc reported income of $334k and spending of $315k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $402k to $334k (-17%), an average of -4.6% a year. The sharpest change came in the year to September 2020, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Glens Falls Senior Citizen Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include H O P E Equestrian Center ($334k), Palmtrail Inc ($334k) and Youth Service Bureau of Laporte County Inc ($334k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $71k (23% of expenses). Other salaries and wages came to $118k. At year end it held assets of $1.0m against liabilities of $13k, net assets of $1.0m. It reported 8 employees.