Hollywood Senior Center

Analysis

Hollywood Senior Center is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1975, 51 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, Hollywood Senior Center reported income of $2.4m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $718k to $2.4m (+230%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hollywood Senior Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OR. Charities of a similar size with the same main cause include Soar Youth Ministries ($2.4m), Partners for Peace ($2.4m) and Gig Harbor Peninsula Fish ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $124k (6.2% of expenses). Other salaries and wages came to $738k. At year end it held assets of $3.1m against liabilities of $320k, net assets of $2.8m. It reported 25 employees.