Service Opportunity for Seniors

Analysis

Service Opportunity for Seniors is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Service Opportunity for Seniors reported income of $6.7m and spending of $6.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.7m (+62%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Service Opportunity for Seniors sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Concerned Citizens ($6.7m), Chamberlin House Inc ($6.7m) and Mulberry Gardens at Southington LLC ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $196k (3.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.3m against liabilities of $1.4m, net assets of $6.0m. It reported 91 employees.