Sterling Area Senior Citizens

Analysis

Sterling Area Senior Citizens is a registered charity in United States, based in Sterling, AK. It received its IRS tax-exemption ruling in October 1989, 37 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, Sterling Area Senior Citizens reported income of $534k and spending of $521k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $497k to $534k (+7.4%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sterling Area Senior Citizens sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AK. Charities of a similar size with the same main cause include Corner Cupboard Food Bank ($534k), Next Step Recovery Ministries ($534k) and Northeastern Resources Development Corp ($534k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $41k (7.9% of expenses). Other salaries and wages came to $104k. At year end it held assets of $2.9m against liabilities of $992k, net assets of $1.9m. It reported 5 employees.