Senior Citizens Association in Florence County

Analysis

Senior Citizens Association in Florence County is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Senior Citizens Association in Florence County reported income of $1.3m and spending of $1.3m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.3m (+2.8%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income dropped by 28%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Citizens Association in Florence County sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Praise Is What We Do Early Learning Christian Academy Inc ($1.3m), Kid One Transport System Inc ($1.3m) and Baby Life Day Care Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $96k (7.2% of expenses). Other salaries and wages came to $509k. At year end it held assets of $1.1m against liabilities of $135k, net assets of $952k. It reported 64 employees.