Senior Neighbors Inc

Analysis

Senior Neighbors Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1974, 52 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, Senior Neighbors Inc reported income of $5.8m and spending of $4.6m, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $5.8m (+51%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Neighbors Inc 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 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include West Suburban Community Pantry Inc ($5.8m), Beth Jacob High School Inc ($5.8m) and International Society for Cellular Therapy ($5.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $243k (5.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.5m against liabilities of $353k, net assets of $3.1m. It reported 74 employees.