Florence Senior Community Center

Analysis

Florence Senior Community Center is a registered charity in United States, based in Florence, CO. It received its IRS tax-exemption ruling in February 1986, 40 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, Florence Senior Community Center reported income of $53k and spending of $68k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $53k (+183%), an average of +183% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florence Senior Community Center sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within CO. Charities of a similar size with the same main cause include Friends of the Atascadero Library ($53k), Little League Baseball Inc ($54k) and PTA Florida Congress ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $359k against liabilities of $0, net assets of $359k.