Nederland Area Seniors Inc

Analysis

Nederland Area Seniors Inc is a registered charity in United States, based in Nederland, CO. It received its IRS tax-exemption ruling in May 1997, 29 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, Nederland Area Seniors Inc reported income of $198k and spending of $200k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $307k to $198k (-36%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nederland Area Seniors Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within CO. Charities of a similar size with the same main cause include Lakeview Shepherd Center Inc ($198k), Love Inc of Western Suburbs Chicago ($198k) and Williamson County Homeless Alliance ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $35k (17% of expenses). Other salaries and wages came to $56k. At year end it held assets of $289k against liabilities of $20k, net assets of $269k. It reported 8 employees.