Huntsville-Madison County Senior Center Inc

Analysis

Huntsville-Madison County Senior Center Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 September 2023, Huntsville-Madison County Senior Center Inc reported income of $2.7m and spending of $2.1m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.7m (+49%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huntsville-Madison County Senior Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Oak Ridge Fire and Rescue Company Fka Oak Ridge Fire Company ($2.7m), Hemostasis and Thrombosis Research Society Inc ($2.7m) and Literacy Council of Northern Virginia Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Other salaries and wages came to $855k. At year end it held assets of $2.3m against liabilities of $180k, net assets of $2.1m. It reported 51 employees.