Barre Area Senior Center Inc

Analysis

Barre Area Senior Center Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Barre Area Senior Center Inc reported income of $155k and spending of $96k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $155k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Barre Area Senior Center Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 39th percentile within VT. Charities of a similar size with the same main cause include Elderwise ($155k), Nederland Farmers Market ($155k) and Minority & Veteran Farmers of the Piedmont ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $3,173 (3.3% of expenses). Other salaries and wages came to $3,173. At year end it held assets of $654k against liabilities of $1,112, net assets of $653k. It reported 2 employees.