Parkville Senior Center Inc

Analysis

Parkville Senior Center Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 1972, 54 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, Parkville Senior Center Inc reported income of $246k and spending of $241k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $181k to $246k (+36%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parkville Senior Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Razi Health Foundation Inc ($246k), Senior Citizens Association of Bluffton Ohio ($246k) and Good Shepherd Reformed Church ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (22% of expenses). At year end it held assets of $162k against liabilities of $37k, net assets of $125k. It reported 1 employees.