Frederica Senior Center Inc

Analysis

Frederica Senior Center Inc is a registered charity in United States, based in Frederica, DE. It received its IRS tax-exemption ruling in August 1992, 34 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 June 2023, Frederica Senior Center Inc reported income of $684k and spending of $660k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $487k to $684k (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2023, 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, Frederica Senior Center Inc 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 70th percentile within DE. Charities of a similar size with the same main cause include Willow Woods Learning Center ($684k), Octorara Area Food Cupboard ($684k) and United States Fellowship Inc ($684k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $183k. At year end it held assets of $956k against liabilities of $730k, net assets of $227k. It reported 15 employees.