Serving Older Adults Through Changing Times

Analysis

Serving Older Adults Through Changing Times is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Serving Older Adults Through Changing Times reported income of $255k and spending of $368k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $531k to $255k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serving Older Adults Through Changing Times sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include King Ferry Food Pantry Inc ($255k), Central Midwest Regional Council of Carpenters Cares Inc ($255k) and Camp Possibilities Foundation ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $26k (7.2% of expenses). Other salaries and wages came to $35k. At year end it held assets of $210k against liabilities of $0, net assets of $210k. It reported 1 employees.