Silver Key Senior Services

Analysis

Silver Key Senior Services is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in April 1971, 55 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, Silver Key Senior Services reported income of $8.5m and spending of $8.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $8.5m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Key Senior Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Grace Klein Community Inc ($8.5m), Texhoma Christian Care Center Inc ($8.5m) and Linn Benton Food Share ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $226k (2.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $15.2m against liabilities of $1.7m, net assets of $13.5m. It reported 111 employees.