Primeplus Senior Centers

Analysis

Primeplus Senior Centers is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in February 1982, 44 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, Primeplus Senior Centers reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $910k to $1.0m (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2023, when income rose by 31%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Primeplus Senior Centers sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Tri-County Co-Operative Fair Association ($1.0m), Campus Center for Young Children Inc ($1.0m) and Rainbow Childcare of Monroe Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $83k (7.5% of expenses). Other salaries and wages came to $534k. At year end it held assets of $386k against liabilities of $128k, net assets of $258k. It reported 25 employees.