Modern Maturity Center Inc

Analysis

Modern Maturity Center Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in November 1973, 53 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, Modern Maturity Center Inc reported income of $12.4m and spending of $10.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $12.4m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Modern Maturity Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within DE. Charities of a similar size with the same main cause include Mountain Valley Child and Family Services Inc ($12.4m), Tabithas Way ($12.4m) and Chicagoland Methodist Senior Services ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $444k (4.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $15.2m against liabilities of $1.1m, net assets of $14.1m. It reported 286 employees.