Senior Services Inc

Analysis

Senior Services Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Senior Services Inc reported income of $18.8m and spending of $17.8m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.8m to $18.8m (+37%), an average of +8.1% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Santa Catalina Island Conservancy ($18.8m), Big Bend Cares Inc ($18.8m) and Opportunities Inc of Jefferson County ($18.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $529k (3.0% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $11.9m against liabilities of $1.6m, net assets of $10.3m. It reported 196 employees.