Mounds Senior Citizens Incorporated

Analysis

Mounds Senior Citizens Incorporated is a registered charity in United States, based in Mounds, OK. It received its IRS tax-exemption ruling in January 1979, 47 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 December 2023, Mounds Senior Citizens Incorporated reported income of $486k and spending of $477k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $486k (+9.3%), an average of +2.3% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mounds Senior Citizens Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include Latin Songwriters Hall of Fame Inc ($485k), Bemidji Community Arts Council Inc ($486k) and Crescent Cemetery Inc ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $80k. At year end it held assets of $813k against liabilities of $1.1m, net assets of -$316k. It reported 2 employees.