South Toledo Senior Centers Inc

Analysis

South Toledo Senior Centers Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 1982, 44 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, South Toledo Senior Centers Inc reported income of $377k and spending of $418k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $377k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Toledo Senior Centers Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Lincoln Community Club ($377k), Forest Youth Athletic Association ($377k) and Tennessee Historical Society ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.