Lake Stevens Senior Center

Analysis

Lake Stevens Senior Center is a registered charity in United States, based in Lake Stevens, WA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Stevens Senior Center reported income of $215k and spending of $158k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $215k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Stevens Senior Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Shelbyville-Bedford County Humane Assn ($215k), Beaver Valley Montessori School Inc ($215k) and PTA Texas Congress ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 9.8% of the total. Other salaries and wages came to $70k. At year end it held assets of $215k against liabilities of $25k, net assets of $191k. It reported 5 employees.