Senior Citizens Center of Saratoga Springs Inc

Analysis

Senior Citizens Center of Saratoga Springs Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in June 1989, 37 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 December 2023, Senior Citizens Center of Saratoga Springs Inc reported income of $1.7m and spending of $945k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $591k to $1.7m (+182%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizens Center of Saratoga Springs Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Colorado Historical Foundation ($1.7m), Community Spirit Homes Incorporated ($1.7m) and Lions of Illinois Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $137k (15% of expenses). Other salaries and wages came to $489k. At year end it held assets of $2.0m against liabilities of $108k, net assets of $1.9m. It reported 26 employees.