Senior Citizens Inc

Analysis

Senior Citizens Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1958, 68 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, Senior Citizens Inc reported income of $5.2m and spending of $5.2m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.1m to $5.2m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Citizens Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Latchkey Child Services Inc ($5.2m), Meals on Wheels Collin County ($5.2m) and Ebenezer Community Support Association Inc ($5.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $151k (2.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $15.3m against liabilities of $5.3m, net assets of $10.0m. It reported 72 employees.