Senior Services Associates Inc

Analysis

Senior Services Associates Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in January 1977, 49 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 September 2023, Senior Services Associates Inc reported income of $9.1m and spending of $8.7m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.0m to $9.1m (+51%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Services Associates Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Boys & Girls Club of Whittier Inc ($9.1m), Union Mission of Latrobe Inc ($9.1m) and Parent Institute for Quality Education Inc ($9.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $144k (1.6% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $7.4m against liabilities of $2.4m, net assets of $4.9m. It reported 151 employees.