Senior Lift Center Inc

Analysis

Senior Lift Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2023, Senior Lift Center Inc reported income of $123k and spending of $167k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $123k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 140% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Lift Center Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include East Ridge CT Inc ($123k), W Connection Inc ($123k) and Jarvis Township Senior Citizens ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $501k against liabilities of $0, net assets of $501k.

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.