Buchanan Area Senior Center

Analysis

Buchanan Area Senior Center is a registered charity in United States, based in Buchanan, MI. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Buchanan Area Senior Center reported income of $463k and spending of $469k, spending 101% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $374k to $463k (+24%), an average of +4.4% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Buchanan Area Senior Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Nebo Education Foundation ($463k), United Way of Danville Area Inc ($463k) and Minnesota Credit Union Foundation Inc ($462k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 98% and program service revenue 2.6% of the total. Other salaries and wages came to $198k. At year end it held assets of $1.9m against liabilities of $369k, net assets of $1.5m. It reported 5 employees.