Senior Centers Inc

Analysis

Senior Centers Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in October 1975, 51 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, Senior Centers Inc reported income of $567k and spending of $545k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $594k to $567k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 37%. 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, Senior Centers Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Socialworks ($567k), Iaaaa Education Institue Inc ($567k) and Second Chances Recovery & Retail Store Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $79k (15% of expenses). Other salaries and wages came to $140k. At year end it held assets of $969k against liabilities of $0, net assets of $969k. It reported 17 employees.