Spalding Senior Citizens Inc

Analysis

Spalding Senior Citizens Inc is a registered charity in United States, based in Spalding, NE. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Spalding Senior Citizens Inc reported income of $83k and spending of $89k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $73k to $83k (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spalding Senior Citizens Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NE. Charities of a similar size with the same main cause include Inkind Inc ($83k), Neighbors Helping Neighbors Inc ($83k) and Better Way Inc ($83k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Other salaries and wages came to $42k. At year end it held assets of $33k against liabilities of $1,335, net assets of $32k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.