Senior Resources of Guilford

Analysis

Senior Resources of Guilford is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 1979, 47 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 June 2023, Senior Resources of Guilford reported income of $3.0m and spending of $3.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $3.0m (+1.4%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Resources of Guilford 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 NC. Charities of a similar size with the same main cause include L C Industries Foundation ($3.0m), Harmony Development Center Inc 01012001 ($3.0m) and Heartland Senior Services ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $177k (5.9% of expenses). Other salaries and wages came to $887k. At year end it held assets of $6.4m against liabilities of $2.5m, net assets of $3.9m. It reported 61 employees.