Norwalk Senior Center Inc

Analysis

Norwalk Senior Center Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in May 1971, 55 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 June 2023, Norwalk Senior Center Inc reported income of $956k and spending of $1.1m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $956k (-5.7%), an average of -1.9% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwalk Senior Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Hot Shops Art Foundation ($955k), Habitat for Humanity International Inc ($956k) and Druid Hills Youth Sports Inc ($955k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $88k (8.1% of expenses). Other salaries and wages came to $465k. At year end it held assets of $274k against liabilities of $135k, net assets of $139k. It reported 13 employees.