Hereford Senior Citizen Assoc

Analysis

Hereford Senior Citizen Assoc is a registered charity in United States, based in Hereford, TX. It received its IRS tax-exemption ruling in April 2018, 8 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 September 2023, Hereford Senior Citizen Assoc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $854k to $1.3m (+54%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 78%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hereford Senior Citizen Assoc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Ross Lynn Charitable Foundation Inc ($1.3m), Commonwealth Child Care Corporation ($1.3m) and Open Doors Organization ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $54k (4.1% of expenses). Other salaries and wages came to $311k. At year end it held assets of $886k against liabilities of -$645, net assets of $886k. It reported 18 employees.