Senior Citizens Center

Analysis

Senior Citizens Center is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in September 1962, 64 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 June 2023, Senior Citizens Center reported income of $192k and spending of $218k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $203k to $192k (-5.3%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizens Center sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Friends of Falls Church Homeless Shelter Inc ($192k), Levi Wallace Foundation Inc ($192k) and East Central School Foundation Inc ($192k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $25k (11% of expenses). Other salaries and wages came to $56k. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 11 employees.