Caroline Seniors Inc

Analysis

Caroline Seniors Inc is a registered charity in United States, based in Dryden, NY. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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, Caroline Seniors Inc reported income of $258k and spending of $343k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $258k (+4.5%), an average of +1.1% a year. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caroline Seniors Inc sits at the 57th percentile: it is larger than about 57% 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 Care House Partnerships - a Nazarene Compassionate Ministry ($258k), Arkansas Hunters Feeding the Hungry Inc ($258k) and Eva K Bowlby Public Library Childrens Library Association ($258k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $3.0m, net assets of -$992k.

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.