Loose Senior Citizens Center Inc

Analysis

Loose Senior Citizens Center Inc is a registered charity in United States, based in Linden, MI. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Loose Senior Citizens Center Inc reported income of $432k and spending of $433k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $432k (+11%), an average of +2.6% 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, Loose Senior Citizens Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Bharatiya Senior Citizens of Chicago NFP ($432k), Divine Shakti Foundation ($432k) and El Buen Samaritano Food Program Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Other salaries and wages came to $187k. At year end it held assets of $1.3m against liabilities of $47k, net assets of $1.3m. It reported 10 employees.