Summit County Senior Citizens Inc

Analysis

Summit County Senior Citizens Inc is a registered charity in United States, based in Frisco, CO. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit County Senior Citizens Inc reported income of $121k and spending of $113k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $121k (-11%), an average of -11% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit County Senior Citizens Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include United Way of Chaves County Foundation Inc ($121k), Southern Meadows Post No 5 the American Legion ($121k) and Sons of Confederate Veterans Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 23% of the total. At year end it held assets of $183k against liabilities of $2,186, net assets of $181k.