Iona Senior Services

Analysis

Iona Senior Services is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1975, 51 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, Iona Senior Services reported income of $7.9m and spending of $8.8m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.1m to $7.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2020, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iona Senior Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Family Nurturing Center of Massachusetts Inc ($7.9m), Tarrant County Homeless Coalition ($7.9m) and Neighborgood Partners Inc ($7.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $264k (3.0% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $15.9m against liabilities of $3.4m, net assets of $12.5m. It reported 97 employees.