Senior Services of Seattle-King County

Analysis

Senior Services of Seattle-King County is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1982, 44 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 of Seattle-King County reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.4m (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 52%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Services of Seattle-King County sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Nonprofit New York Inc ($1.4m), Monroe County Historical Assoc Inc ($1.4m) and Southwest Florida Safety Council Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $313k (22% of expenses). Other salaries and wages came to $425k. At year end it held assets of $928k against liabilities of $440k, net assets of $488k.