McCormick County Senior Center

Analysis

McCormick County Senior Center is a registered charity in United States, based in MC Cormick, SC. It received its IRS tax-exemption ruling in May 1972, 54 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 2023, McCormick County Senior Center reported income of $1.6m and spending of $1.9m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+45%), an average of +9.6% a year. The sharpest change came in the year to June 2020, when income dropped by 100%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McCormick County Senior Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Serving People in Need Inc ($1.6m), YWCA of Greater Green Bay Inc ($1.6m) and Northfield Area Family YMCA ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Other salaries and wages came to $821k. At year end it held assets of $3.6m against liabilities of $1.6m, net assets of $2.0m. It reported 45 employees.