Serving Older Adults of Southeast Wisconsin Inc

Analysis

Serving Older Adults of Southeast Wisconsin Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2019, 7 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, Serving Older Adults of Southeast Wisconsin Inc reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serving Older Adults of Southeast Wisconsin Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include We Are Oceania ($1.8m), Watertown Urban Mission Inc ($1.8m) and North Shore Youth Council Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $165k (9.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $541k against liabilities of $52k, net assets of $488k. It reported 50 employees.