Gifts for Seniors

Analysis

Gifts for Seniors is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gifts for Seniors reported income of $524k and spending of $521k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $196k to $524k (+167%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 166%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gifts for Seniors sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Arrow Education Foundation Inc ($524k), Western Piedmont Foundation Inc ($524k) and Snyder County Libraries Inc ($524k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $48k (9.2% of expenses). Other salaries and wages came to $15k. At year end it held assets of $172k against liabilities of $25k, net assets of $147k. It reported 2 employees.