Amarillo Senior Citizens Association Independence Village

Analysis

Amarillo Senior Citizens Association Independence Village is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in September 1973, 53 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, Amarillo Senior Citizens Association Independence Village reported income of $207k and spending of $17k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $237k to $207k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income rose by 482%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amarillo Senior Citizens Association Independence Village sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Western Buckeye Christian Service Camp ($207k), Independent Living Associates of the Muscle Shoals Area Inc ($207k) and White County Historical Society ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $354k against liabilities of $0, net assets of $354k.