Senior Citizen Co of CC Inc

Analysis

Senior Citizen Co of CC Inc is a registered charity in United States, based in Plattsburgh, NY. It received its IRS tax-exemption ruling in August 1975, 51 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 Citizen Co of CC Inc reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.7m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizen Co of CC Inc sits at the 84th percentile: it is larger than about 84% 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 Blue Stars Performing Arts for Youth Inc ($1.7m), Front Steps Housing and Services Front Steps Housing and Services ($1.7m) and Ucca Ukrainian Congress Committee of America ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $95k (5.3% of expenses). Other salaries and wages came to $748k. At year end it held assets of $1.3m against liabilities of $105k, net assets of $1.2m. It reported 66 employees.

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.