Thurmont Senior Center Inc

Analysis

Thurmont Senior Center Inc is a registered charity in United States, based in Thurmont, MD. It received its IRS tax-exemption ruling in July 2013, 13 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 June 2024, Thurmont Senior Center Inc reported income of $67k and spending of $80k, spending 119% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $105k to $67k (-36%), an average of -36% a year. The sharpest change came in the year to June 2024, when income dropped by 36%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thurmont Senior Center Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Akers & Akers Foundation Inc ($67k), Society of St Vincent de Paul St Anthony of Padua ($67k) and International Junior Brangus Breeders Association Legacy Founda ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.