Bond County Senior Citizens Center

Analysis

Bond County Senior Citizens Center is a registered charity in United States, based in Greenville, IL. It received its IRS tax-exemption ruling in May 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, Bond County Senior Citizens Center reported income of $1.2m and spending of $1.5m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $1.2m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to September 2021, when income dropped by 36%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bond County Senior Citizens Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include LA Posada of Los Angeles Inc ($1.2m), Citizen Action of Wisconsin Education Fund Inc ($1.2m) and The Holocaust Memorial & Tolerance Center of Nassau County Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $777k (52% of expenses). At year end it held assets of $1.3m against liabilities of $55k, net assets of $1.2m. It reported 41 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.