Senior Citizens Industries Inc

Analysis

Senior Citizens Industries Inc is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in December 1998, 28 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 2023, Senior Citizens Industries Inc reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.1m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Citizens Industries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within NE. Charities of a similar size with the same main cause include Indo American Center Inc ($2.1m), Astegos Inc ($2.1m) and Community Partnership for the Homeless Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $52k (2.6% of expenses). Other salaries and wages came to $957k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 61 employees.