Senior Pharmassist Inc

Analysis

Senior Pharmassist Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Senior Pharmassist Inc reported income of $1.5m and spending of $1.1m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.5m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 118%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Senior Pharmassist Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Infocus Ministries ($1.5m), Butte Cares Inc ($1.5m) and Mental Health Association of Northwestern Pennsylvania ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $118k (11% of expenses). Other salaries and wages came to $576k. At year end it held assets of $3.1m against liabilities of $26k, net assets of $3.0m. It reported 10 employees.