Newark Senior Center

Analysis

Newark Senior Center is a registered charity in United States, based in Newark, IL. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Newark Senior Center reported income of $185k and spending of $193k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $174k to $185k (+6.3%), an average of +6.3% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newark Senior Center sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Robert Morris Evangelistic Association Inc ($185k), Association for California Governmental HR Professionals ($185k) and Thi-8 ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. At year end it held assets of $268k against liabilities of $119k, net assets of $149k.