Routt County Foundation for Senior Citizens Inc

Analysis

Routt County Foundation for Senior Citizens Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in February 1976, 50 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, Routt County Foundation for Senior Citizens Inc reported income of $1.0m and spending of $409k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $1.0m (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Routt County Foundation for Senior Citizens Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include M-Power Ministries ($1.0m), Eighth Street Community ($1.0m) and Golden String Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 47% of the total. At year end it held assets of $3.2m against liabilities of $873k, net assets of $2.3m.