Mid-Bronx Senior Citizens Council Inc

Analysis

Mid-Bronx Senior Citizens Council Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 1973, 53 years ago. 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, Mid-Bronx Senior Citizens Council Inc reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.4m to $3.8m (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 38%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Bronx Senior Citizens Council Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include National Black Caucus of State Legislators ($3.8m), United Way Fresno and Madera Counties ($3.8m) and Olney Boys and Girls Community Sports Association Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $873k. At year end it held assets of $11.8m against liabilities of $5.9m, net assets of $6.0m. It reported 54 employees.