Laurel Senior Center

Analysis

Laurel Senior Center is a registered charity in United States, based in Laurel, DE. It received its IRS tax-exemption ruling in October 1974, 52 years ago. 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, Laurel Senior Center reported income of $390k and spending of $371k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $373k to $390k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel Senior Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within DE. Charities of a similar size with the same main cause include Downtown Sanford Inc ($390k), South Dakota Agricultural and Rural Leadship Foundaiton ($390k) and Dolphin Volunteer Fire Dept ($390k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $68k (18% of expenses). At year end it held assets of $917k against liabilities of $14k, net assets of $903k. It reported 15 employees.