Senior Citizens Group of Waverly Inc

Analysis

Senior Citizens Group of Waverly Inc is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in October 1967, 59 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, Senior Citizens Group of Waverly Inc reported income of $104k and spending of $159k, spending 153% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $112k to $104k (-7.3%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizens Group of Waverly Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within IA. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($104k), Mattawoman Creek Art Center Inc ($104k) and Royal Order of Scotland Provincial ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $2,400 (1.5% of expenses). Other salaries and wages came to $71k. At year end it held assets of $313k against liabilities of $0, net assets of $313k. It reported 8 employees.