Southwest Boston Senior Services Inc

Analysis

Southwest Boston Senior Services Inc is a registered charity in United States, based in Jamaica Plain, MA. 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, Southwest Boston Senior Services Inc reported income of $55.3m and spending of $53.1m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $45.1m to $55.3m (+23%), an average of +7.0% a year. 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, Southwest Boston Senior Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Alpha Supported Living Services ($55.1m), Illumination Health Home ($55.3m) and Messiah Home ($55.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $275k (0.5% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $23.1m against liabilities of $10.2m, net assets of $12.9m. It reported 214 employees.