Homer Senior Citizens Incorporated

Analysis

Homer Senior Citizens Incorporated is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in January 1981, 45 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 June 2023, Homer Senior Citizens Incorporated reported income of $3.3m and spending of $3.6m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.3m (+2.2%), an average of +0.6% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homer Senior Citizens Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AK. Charities of a similar size with the same main cause include Alice Paul House ($3.3m), Ada Jenkins Families and Careers Development Center Inc ($3.3m) and Northstar Residential Care Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $169k (4.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.4m against liabilities of $3.8m, net assets of $1.6m. It reported 66 employees.