Senior Resources Inc

Analysis

Senior Resources Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1967, 59 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 2024, Senior Resources Inc reported income of $6.2m and spending of $3.9m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.3m to $6.2m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2024, when income rose by 114%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Resources Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include North and South of Market Adult Day Health Care Corp ($6.2m), Comn Action Partnership Huntsville Madison & Limestone Counties Inc ($6.2m) and San Francisco Forty Niners Foundation ($6.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $213k (5.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.3m against liabilities of $512k, net assets of $5.7m. It reported 66 employees.