Stein Senior Center Inc

Analysis

Stein Senior Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Stein Senior Center Inc reported income of $888k and spending of $888k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $798k to $888k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stein Senior Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Southside Together Organizing for Power ($887k), Little Village Community Foundation Corp ($888k) and Mainstreet Waynesboro Inc ($886k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $91k (10% of expenses). Other salaries and wages came to $242k. At year end it held assets of $603k against liabilities of $139k, net assets of $464k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.