Foundation for Senior Citizens Incorporated

Analysis

Foundation for Senior Citizens Incorporated is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in September 1964, 62 years ago. 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 2020, Foundation for Senior Citizens Incorporated reported income of $3.6m and spending of $1.2m, leaving 66% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $1.2m to $3.6m (+195%), an average of +195% a year. The sharpest change came in the year to December 2020, when income rose by 195%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Senior Citizens Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include Orohealth Corporation ($3.6m), Georgia Infirmary Inc ($3.6m) and Nevins Memorial ($3.6m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 2.1% and program service revenue 30% of the total. Other salaries and wages came to $325k. At year end it held assets of $1.6m against liabilities of $184k, net assets of $1.4m.