Spearfish Senior Service Center

Analysis

Spearfish Senior Service Center is a registered charity in United States, based in Spearfish, SD. It received its IRS tax-exemption ruling in January 2007, 19 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, Spearfish Senior Service Center reported income of $166k and spending of $146k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $166k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spearfish Senior Service Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within SD. Charities of a similar size with the same main cause include A-Train for Youth ($166k), Helping Hands of Georgetown Inc ($166k) and Almeida Foundation Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $49k (33% of expenses). At year end it held assets of $899k against liabilities of $940, net assets of $898k. It reported 1 employees.