Senior Life Midland Inc

Analysis

Senior Life Midland Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Senior Life Midland Inc reported income of $7.3m and spending of $3.2m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $7.3m (+139%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 246%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Life Midland Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Bridge of Grace Inc ($7.3m), Covenant House Florida Inc ($7.3m) and Sowega Council on Aging Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $254k (7.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $26.5m against liabilities of $187k, net assets of $26.3m. It reported 30 employees.