Senior Resources of Freeborn County

Analysis

Senior Resources of Freeborn County is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in October 1980, 46 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Senior Resources of Freeborn County reported income of $224k and spending of $274k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $367k to $224k (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Senior Resources of Freeborn County 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 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Gallery Route One ($224k), New Musicals Inc ($224k) and Dolce Suono Chamber Music Concert Series Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $55k (20% of expenses). Other salaries and wages came to $101k. At year end it held assets of $129k against liabilities of $9,009, net assets of $120k. It reported 5 employees.