Castle Rock Senior Center Incorporated

Analysis

Castle Rock Senior Center Incorporated is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Castle Rock Senior Center Incorporated reported income of $1.0m and spending of $894k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $602k to $1.0m (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Castle Rock Senior Center Incorporated sits at the 77th percentile: it is larger than about 77% 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 Street Lab Inc ($1.0m), Louisiana Minority Business Council Inc ($1.0m) and Kern Economic Development Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 14% of the total. Other salaries and wages came to $467k. It paid $34k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $46k, net assets of $979k. It reported 15 employees.