Operation Life Seniors Citizens Corporation

Analysis

Operation Life Seniors Citizens Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Operation Life Seniors Citizens Corporation reported income of $269k and spending of $325k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $270k to $269k (-0.4%), an average of -0.1% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Operation Life Seniors Citizens Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within NV. Charities of a similar size with the same main cause include Bay Aging Apartments Colonial Beach Inc ($269k), Bridge of Hope Harrisonburg-Rocking Ham ($269k) and Habitat for Humanity International Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $38k. At year end it held assets of $778k against liabilities of $1.5m, net assets of -$743k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.