Silverton Area Seniors Inc

Analysis

Silverton Area Seniors Inc is a registered charity in United States, based in Silverton, OR. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Silverton Area Seniors Inc reported income of $166k and spending of $114k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $166k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. 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, Silverton Area Seniors Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OR. Charities of a similar size with the same main cause include Promise Ridge Inc ($166k), Winters Child Development Center Inc ($166k) and St Leos Soup Kitchen ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $52k (45% of expenses). At year end it held assets of $218k against liabilities of $5,963, net assets of $212k. It reported 1 employees.