Gadsden Senior Services

Analysis

Gadsden Senior Services is a registered charity in United States, based in Quincy, FL. It received its IRS tax-exemption ruling in September 2006, 20 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, Gadsden Senior Services reported income of $175k and spending of $263k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $850k to $175k (-79%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gadsden Senior Services sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Community Recreation Association Inc ($175k), Loudonville Agricultural Society in Corporated ($175k) and Homeless Hands of Zanesville LLC ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $9,111 (3.5% of expenses). Other salaries and wages came to $150k. At year end it held assets of $32k against liabilities of $1,249, net assets of $31k. It reported 16 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.