Seward Senior Citizens Inc

Analysis

Seward Senior Citizens Inc is a registered charity in United States, based in Seward, AK. It received its IRS tax-exemption ruling in August 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 June 2023, Seward Senior Citizens Inc reported income of $489k and spending of $440k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $341k to $489k (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seward Senior Citizens Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within AK. Charities of a similar size with the same main cause include Arkansas Ecomonic Acceleration Foundation ($489k), Friends of the Ste Genevieve Museum ($490k) and Veterans Advocacy Foundation Inc ($489k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $63k (14% of expenses). Other salaries and wages came to $108k. At year end it held assets of $447k against liabilities of $9,912, net assets of $437k. It reported 13 employees.