Verde Valley Senior Citizens Assn Inc

Analysis

Verde Valley Senior Citizens Assn Inc is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in June 1979, 47 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 June 2023, Verde Valley Senior Citizens Assn Inc reported income of $500k and spending of $584k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $600k to $500k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Verde Valley Senior Citizens Assn Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within AZ. Charities of a similar size with the same main cause include First Baptist Childrens Academy Inc ($500k), Agape International Inc ($500k) and North Brooklyn Coalition of Neighbors Helping Neighbors ($500k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $71k (12% of expenses). Other salaries and wages came to $181k. At year end it held assets of $524k against liabilities of $72k, net assets of $451k. It reported 9 employees.