Piedmont Senior Resources Inc

Analysis

Piedmont Senior Resources Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in July 1978, 48 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 September 2023, Piedmont Senior Resources Inc reported income of $3.1m and spending of $2.8m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $3.1m (+52%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Piedmont Senior Resources Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Center for Family Life and Recovery Inc ($3.1m), Junior Order United American Mechanics Childrens Home Inc ($3.1m) and India Gospel League Inc North America ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $119k (4.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $47k, net assets of $1.5m. It reported 73 employees.