Charleston Area Senior Citizens Services Inc

Analysis

Charleston Area Senior Citizens Services Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in November 1967, 59 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 June 2024, Charleston Area Senior Citizens Services Inc reported income of $2.0m and spending of $1.7m, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.0m (+12%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charleston Area Senior Citizens Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Future Farmers of America ($2.0m), American Culture Foundation ($2.0m) and Center of Hope Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 9.1% of the total. Other salaries and wages came to $605k. At year end it held assets of $2.0m against liabilities of $210k, net assets of $1.7m. It reported 39 employees.