Paynesville Area Senior Center Inc

Analysis

Paynesville Area Senior Center Inc is a registered charity in United States, based in Paynesville, MN. It received its IRS tax-exemption ruling in March 1995, 31 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 May 2024, Paynesville Area Senior Center Inc reported income of $116k and spending of $72k, leaving 38% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $89k to $116k (+30%), an average of +30% a year. The sharpest change came in the year to May 2024, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paynesville Area Senior Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Maternity Home of the Hudson Valley ($116k), Psyches of Color ($116k) and Lucky Dog Rescue Inc ($116k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 63% and program service revenue 14% of the total. At year end it held assets of $318k against liabilities of $1,450, net assets of $317k.