Poway Valley Senior Citizens Corp

Analysis

Poway Valley Senior Citizens Corp is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Poway Valley Senior Citizens Corp reported income of $708k and spending of $581k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $364k to $708k (+94%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 120%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Poway Valley Senior Citizens Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Advocates for Victims of Domestic &sexual Abuse in Langlade Cnty Inc ($708k), Fsi-Freedom Seekers International ($708k) and Any Woman Can LLC ($708k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $42k (7.3% of expenses). Other salaries and wages came to $35k. At year end it held assets of $1.2m against liabilities of $428k, net assets of $775k. It reported 3 employees.