Senior Opportunity Association Inc

Analysis

Senior Opportunity Association Inc is a registered charity in United States, based in Soap Lake, WA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Senior Opportunity Association Inc reported income of $56k and spending of $31k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2020 to December 2023, income grew from $19k to $56k (+190%), an average of +190% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Opportunity Association Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Lake of the Woods Veterans Memorial Foundation ($56k), Virginia Congress of Parents and Teachers ($56k) and Swannanoa Valley Art League ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 21% of the total. At year end it held assets of $65k against liabilities of $656, net assets of $64k.