Senior Citizens Services of Vermillion Inc

Analysis

Senior Citizens Services of Vermillion Inc is a registered charity in United States, based in Vermillion, SD. It received its IRS tax-exemption ruling in August 1977, 49 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 December 2023, Senior Citizens Services of Vermillion Inc reported income of $106k and spending of $136k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $106k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Citizens Services of Vermillion Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within SD. Charities of a similar size with the same main cause include Midwest Men of Integrity Inc ($106k), Dillard Educational and Economic Development Service Inc ($106k) and Phoenix Desi Sports & Cultural Club ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 3.2% of the total. Other salaries and wages came to $70k. At year end it held assets of $606k against liabilities of $0, net assets of $606k. It reported 2 employees.