Mountlake Terrace Seniors Group

Analysis

Mountlake Terrace Seniors Group is a registered charity in United States, based in Mountlake Ter, WA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mountlake Terrace Seniors Group reported income of $184k and spending of $139k, leaving 24% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $146k to $184k (+26%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mountlake Terrace Seniors Group sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WA. Charities of a similar size with the same main cause include Northfield Womens Center ($184k), Frazee Community Center ($184k) and Embraced International Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $49k (35% of expenses). Other salaries and wages came to $10k. At year end it held assets of $107k against liabilities of $6,795, net assets of $101k. It reported 4 employees.