Senior Services for South Sound

Analysis

Senior Services for South Sound is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in October 1974, 52 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 Services for South Sound reported income of $3.9m and spending of $3.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.9m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Services for South Sound sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Family Advocacy & Community Training ($3.9m), Pals Preschool and Kindergarten ($3.9m) and Living Independently Is for Everyone at Rcil Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $104k (3.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.1m against liabilities of $135k, net assets of $4.9m. It reported 72 employees.