Queensbury Senior Citizens Inc

Analysis

Queensbury Senior Citizens Inc is a registered charity in United States, based in Queensbury, NY. It received its IRS tax-exemption ruling in February 1993, 33 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, Queensbury Senior Citizens Inc reported income of $257k and spending of $235k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $257k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Queensbury Senior Citizens Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include The Huntsville Margarita Society ($257k), Antioch Consolidated Association for Youth and Family Inc ($257k) and Andrew Ennabe Charitable Foundation ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $61k (26% of expenses). Other salaries and wages came to $49k. At year end it held assets of $493k against liabilities of $207, net assets of $493k. It reported 2 employees.