Senior Centers of Cherokee County Inc

Analysis

Senior Centers of Cherokee County Inc is a registered charity in United States, based in Gaffney, SC. It received its IRS tax-exemption ruling in March 1976, 50 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, Senior Centers of Cherokee County Inc reported income of $687k and spending of $627k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $718k to $687k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Centers of Cherokee County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Haslett Child Development Center Inc ($687k), Intentional Parents International Org ($687k) and Grace Center for Adult Day Services ($687k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $239k. At year end it held assets of $2.6m against liabilities of $29k, net assets of $2.6m. It reported 10 employees.