Hebrew Seniorlife Inc

Analysis

Hebrew Seniorlife Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Hebrew Seniorlife Inc reported income of $14.6m and spending of $24.0m, spending 165% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $26.7m to $14.6m (-45%), an average of -14% a year. The sharpest change came in the year to September 2023, when income dropped by 52%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hebrew Seniorlife Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Broward College Foundation Inc ($14.5m), Oneoc ($14.6m) and Pritzker Family Philanthropic Fund ($14.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $4.2m (17% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $314.4m against liabilities of $16.5m, net assets of $297.9m. It reported 125 employees.