Redwood Coast Seniors Inc

Analysis

Redwood Coast Seniors Inc is a registered charity in United States, based in Fort Bragg, CA. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Redwood Coast Seniors Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $944k to $1.2m (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redwood Coast Seniors 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 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Austin Creative Reuse ($1.2m), Ymic Foundation Inc ($1.2m) and Daybreak Adult Day Services Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $70k (5.8% of expenses). Other salaries and wages came to $461k. At year end it held assets of $1.1m against liabilities of $117k, net assets of $1.0m. It reported 28 employees.