New Castle Senior Center Inc

Analysis

New Castle Senior Center Inc is a registered charity in United States, based in HST Newcastle, DE. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, New Castle Senior Center Inc reported income of $327k and spending of $347k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $326k to $327k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Castle 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 63rd percentile, and in the 58th percentile within DE. Charities of a similar size with the same main cause include Mountain West String Academy ($327k), Unison Learning Center Inc ($327k) and Spokane Pride ($326k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $72k (21% of expenses). At year end it held assets of $2.4m against liabilities of $9,072, net assets of $2.4m. It reported 8 employees.