Senior Alliance Inc

Analysis

Senior Alliance Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in December 1981, 45 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 Alliance Inc reported income of $40.0m and spending of $40.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $34.2m to $40.0m (+17%), an average of +4.0% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Alliance Inc sits at the 99th percentile: it is larger than about 99% 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 Episcopal Retirement Homes Inc ($40.0m), Epilepsy-Pralid Inc ($40.0m) and Well-Spring Ret Community ($39.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $644k (1.6% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $15.6m against liabilities of $4.1m, net assets of $11.5m. It reported 137 employees.