Services for Older Citizens Inc

Analysis

Services for Older Citizens Inc is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in May 1982, 44 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, Services for Older Citizens Inc reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.2m (+8.9%), an average of +2.1% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Services for Older Citizens Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Children of Restaurant Employees ($1.2m), New Family Traditions ($1.2m) and Copline Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $102k (8.0% of expenses). Other salaries and wages came to $539k. At year end it held assets of $3.5m against liabilities of $398k, net assets of $3.1m. It reported 19 employees.