Trumansburg Seniors Inc

Analysis

Trumansburg Seniors Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in August 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trumansburg Seniors Inc reported income of $681k and spending of $557k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $486k to $681k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trumansburg Seniors Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include BBCDC Inc ($681k), Santafe Senior Living Foundation Inc ($681k) and Delta Development of Western New York Inc ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. At year end it held assets of $2.3m against liabilities of $1.4m, net assets of $839k.