Senior Network Inc

Analysis

Senior Network Inc is a registered charity in United States, based in Waldorf, MD. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2023, Senior Network Inc reported income of $1.6m and spending of $1.8m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Network Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Abortion Liberation Fund of Pa ($1.6m), Good Neighbor Fund Inc ($1.6m) and Adult Development Center of Benton County Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $155k (8.8% of expenses). Other salaries and wages came to $895k. At year end it held assets of $1.8m against liabilities of $1.0m, net assets of $756k. It reported 42 employees.