Lunenburg Gilman and East Concord Senior Citizens Inc

Analysis

Lunenburg Gilman and East Concord Senior Citizens Inc is a registered charity in United States, based in Gilman, VT. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lunenburg Gilman and East Concord Senior Citizens Inc reported income of $78k and spending of $216k, spending 276% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $78k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lunenburg Gilman and East Concord Senior Citizens Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 21st percentile within VT. Charities of a similar size with the same main cause include Society of St Vincent de Paul Council of Pensacola-Tallahassee ($78k), Youthexpress New Mexico ($78k) and Madison Eagle Christmas Fund ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,534 against liabilities of $0, net assets of $5,534.