Norwood Senior Services Association

Analysis

Norwood Senior Services Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norwood Senior Services Association reported income of $1.2m and spending of $1.5m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.2m (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Norwood Senior Services Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Social Services Network Inc ($1.2m), Floc for Love of Children ($1.2m) and Domestic Violence Prevention Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $852k. At year end it held assets of $204k against liabilities of $324k, net assets of -$120k. It reported 70 employees.