Senior Resource Association Inc

Analysis

Senior Resource Association Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in March 1975, 51 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 Resource Association Inc reported income of $13.2m and spending of $13.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $13.2m (+59%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Resource Association Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Lincoln Hills Development Corporation ($13.2m), The Resource Connection of Amador and Calaveras Counties Inc ($13.2m) and Highland Manor Inc ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $361k (2.7% of expenses). At year end it held assets of $8.3m against liabilities of $1.0m, net assets of $7.3m. It reported 131 employees.