Preston County Sr Citizens Inc

Analysis

Preston County Sr Citizens Inc is a registered charity in United States, based in Kingwood, WV. It received its IRS tax-exemption ruling in August 1977, 49 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 September 2023, Preston County Sr Citizens Inc reported income of $3.1m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $3.1m (+34%), an average of +7.5% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preston County Sr Citizens Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WV. Charities of a similar size with the same main cause include Northwest Yeshiva High School ($3.1m), High Sierra Industries Incorporated ($3.1m) and New Jersey Future Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $140k (4.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.3m against liabilities of $278k, net assets of $3.0m. It reported 145 employees.