Senior Citizens Center Inc

Analysis

Senior Citizens Center Inc is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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 Center Inc reported income of $55k and spending of $79k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $74k to $55k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizens Center Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include The Contreras Family Scholarship Fund ($55k), Amherst Central Schools Foundation Inc ($55k) and Sunflower River Blues Association Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $47k (60% of expenses). At year end it held assets of $409k against liabilities of $1,726, net assets of $407k. It reported 1 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.