Lorain Community Seniors

Analysis

Lorain Community Seniors is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, Lorain Community Seniors reported income of $120k and spending of $73k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $120k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 832%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lorain Community Seniors sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Northwest Alabama Housing Authority for the Mentally Retarded ($120k), Birthright of Loudoun County ($120k) and Hur Foundation ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 5.8% of the total. At year end it held assets of $989k against liabilities of $0, net assets of $989k. It reported 3 employees.