Society of Active Retirees

Analysis

Society of Active Retirees is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Society of Active Retirees reported income of $239k and spending of $150k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $125k to $239k (+91%), an average of +91% a year. The sharpest change came in the year to June 2024, when income rose by 91%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Society of Active Retirees sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Project Help of East Tennessee Inc ($239k), Iron Bell Ministries Inc ($239k) and Nevada Elks Major Project Inc ($239k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $77k (51% of expenses). At year end it held assets of $158k against liabilities of $0, net assets of $158k. It reported 2 employees.