Senior Center Inc

Analysis

Senior Center Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2023, Senior Center Inc reported income of $214k and spending of $173k, spending 81% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $242k to $214k (-12%), an average of -6.0% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Grant Pierce Housing Inc ($214k), Bounce Back of Indiana Inc ($214k) and Yellowstone Country Assistance ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $47k (27% of expenses). Other salaries and wages came to $51k. At year end it held assets of $195k against liabilities of $2,392, net assets of $192k. It reported 5 employees.