Oconomowoc Area Senior Center Inc

Analysis

Oconomowoc Area Senior Center Inc is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Oconomowoc Area Senior Center Inc reported income of $405k and spending of $295k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $115k to $405k (+252%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 365%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oconomowoc Area Senior Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Ski for Light Inc ($405k), San Luis Obispo a L P H a Inc ($405k) and Noe Valley Association ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Other salaries and wages came to $20k. At year end it held assets of $453k against liabilities of $0, net assets of $453k. It reported 1 employees.