Resources for Seniors

Analysis

Resources for Seniors is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1974, 52 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 June 2023, Resources for Seniors reported income of $9.4m and spending of $9.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $9.4m (+12%), an average of +2.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Resources for Seniors sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Eye to Eye Inc ($9.4m), YMCA of Collier County Inc ($9.4m) and Southwest Center for Independent Living ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $220k (2.4% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.6m against liabilities of $2.4m, net assets of $1.1m. It reported 111 employees.