Betsy Layne Senior Citizens Inc

Analysis

Betsy Layne Senior Citizens Inc is a registered charity in United States, based in Prestonsburg, KY. It received its IRS tax-exemption ruling in February 1990, 36 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 2024, Betsy Layne Senior Citizens Inc reported income of $831k and spending of $831k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $555k to $831k (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Betsy Layne Senior Citizens Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include All Gods Children Childcare and Learning Center ($831k), KS Kids Learning Center ($831k) and Bridge Pomoja ($831k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Other salaries and wages came to $366k. At year end it held assets of $216k against liabilities of $5,107, net assets of $211k. It reported 17 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.