Wasilla Area Seniors Inc

Analysis

Wasilla Area Seniors Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in January 1982, 44 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, Wasilla Area Seniors Inc reported income of $2.7m and spending of $2.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.7m (+88%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wasilla Area Seniors Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AK. Charities of a similar size with the same main cause include Hope Helps Inc ($2.7m), Bright Horizons Foster Family Agency ($2.7m) and Keys Empowers Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $170k (7.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $10.2m against liabilities of $4.4m, net assets of $5.8m. It reported 70 employees.