Community Services for the Aging Inc

Analysis

Community Services for the Aging Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in January 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Services for the Aging Inc reported income of $11.1m and spending of $11.7m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.0m to $11.1m (+12%), an average of +2.8% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Services for the Aging Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Evangelical Retirement Homes Inc ($11.1m), Wisconsin Library Services ($11.1m) and Advantages of Southeast Arkansas Inc ($11.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $462k (3.9% of expenses). At year end it held assets of $6.2m against liabilities of $1.8m, net assets of $4.4m. It reported 137 employees.