Senior Services Foundation Inc

Analysis

Senior Services Foundation Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Senior Services Foundation Inc reported income of $213k and spending of $17k, leaving 92% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $433k to $213k (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Senior Services Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Greater Orange Community Arts Theatre Foundation ($213k), Lake County Wine Alliance ($213k) and Philadelphia Volunteer Lawyers for the Arts ($213k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.