Senior Resources of West Michigan

Analysis

Senior Resources of West Michigan is a registered charity in United States, based in Norton Shores, MI. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Resources of West Michigan reported income of $32.7m and spending of $34.7m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.7m to $32.7m (+23%), an average of +5.2% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Resources of West Michigan sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Duncaster Incorporated ($32.7m), Open Door Mission ($32.7m) and Looking Upwards Inc ($32.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $138k (0.4% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $6.7m against liabilities of $3.8m, net assets of $2.8m. It reported 123 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.