Senior Citizens Council of Madison County Inc

Analysis

Senior Citizens Council of Madison County Inc is a registered charity in United States, based in Madison, FL. It received its IRS tax-exemption ruling in August 1976, 50 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, Senior Citizens Council of Madison County Inc reported income of $687k and spending of $803k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $671k to $687k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Citizens Council of Madison County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Franklinton Gardens ($687k), Grace Center for Adult Day Services ($687k) and Do Right Ministries Community Development ($687k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $49k (6.1% of expenses). Other salaries and wages came to $316k. At year end it held assets of $1.4m against liabilities of $16k, net assets of $1.4m. It reported 38 employees.