Senior Center Incorporated

Analysis

Senior Center Incorporated is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 1964, 62 years ago. 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 March 2023, Senior Center Incorporated reported income of $2.4m and spending of $3.1m, spending 128% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $2.8m to $2.4m (-14%), an average of -4.9% a year. The sharpest change came in the year to March 2022, when income dropped by 42%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Center Incorporated sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include ACLU Foundation of San Diego and Imperial Counties Inc ($2.4m), Allen Sports Association Inc ($2.4m) and Dearborn Heights Montessori Center Inc ($2.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 82% and program service revenue 10% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $21.8m against liabilities of $6.2m, net assets of $15.6m. It reported 25 employees.