Ninilchik Senior Citizens Incorporation

Analysis

Ninilchik Senior Citizens Incorporation is a registered charity in United States, based in Ninilchik, AK. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Ninilchik Senior Citizens Incorporation reported income of $512k and spending of $513k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $344k to $512k (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ninilchik Senior Citizens Incorporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within AK. Charities of a similar size with the same main cause include Magic Depot Child Care Center Inc ($512k), Livada Orphan Care Inc ($512k) and Little Tokyo Nutrition Services ($512k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $59k (12% of expenses). Other salaries and wages came to $182k. At year end it held assets of $1.2m against liabilities of $8,229, net assets of $1.2m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.