Daytona Area Senior Services Inc

Analysis

Daytona Area Senior Services Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in April 1996, 30 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 September 2023, Daytona Area Senior Services Inc reported income of $4.6m and spending of $4.1m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $4.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to September 2021, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daytona Area Senior Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Cabell County Community Services Organization Inc ($4.6m), There Is Hope Incorporated ($4.6m) and Keene Young Mens Christian Association ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $1.0m against liabilities of $2.5m, net assets of -$1.4m.