Henderson County Senior Citizens Inc

Analysis

Henderson County Senior Citizens Inc is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in April 1987, 39 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 December 2023, Henderson County Senior Citizens Inc reported income of $371k and spending of $467k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $400k to $371k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Henderson County Senior Citizens Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Wilkinson County Service Center Inc ($371k), Love for Humanity ($371k) and Diamond Trail Youth Corporation ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Other salaries and wages came to $118k. At year end it held assets of $634k against liabilities of $5,130, net assets of $629k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.