Village Senior Services Corporation

Analysis

Village Senior Services Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Village Senior Services Corporation reported income of $1.26bn and spending of $1.23bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $797.3m to $1.26bn (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Village Senior Services Corporation 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 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Virginia Mason Medical Center ($1.25bn), Cumberland County Hospital System Inc ($1.26bn) and St Charles Health System Inc ($1.25bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (0.1% of expenses). Other salaries and wages came to $62.5m. At year end it held assets of $348.3m against liabilities of $169.6m, net assets of $178.6m. It reported 873 employees.