Waseca Area Senior Citizens Center Inc

Analysis

Waseca Area Senior Citizens Center Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in July 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 December 2023, Waseca Area Senior Citizens Center Inc reported income of $142k and spending of $153k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $142k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waseca Area Senior Citizens Center Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Stand Up Survivor ($142k), Tri-Coastal Community Outreach ($142k) and Cottages of Chester Village Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 68% of the total. Other salaries and wages came to $101k. At year end it held assets of $202k against liabilities of $0, net assets of $202k. It reported 7 employees.