Vida Senior Centers

Analysis

Vida Senior Centers is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 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 September 2023, Vida Senior Centers reported income of $1.7m and spending of $1.8m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $972k to $1.7m (+75%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vida Senior Centers sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Cape Cod Pilgrim Memorial Association of Provincetown ($1.7m), Habitat for Humanity International Inc ($1.7m) and Healthcare Chaplaincy Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $125k (7.0% of expenses). Other salaries and wages came to $947k. At year end it held assets of $2.1m against liabilities of $207k, net assets of $1.9m. It reported 26 employees.