Senior Coastsiders Inc

Analysis

Senior Coastsiders Inc is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in January 1995, 31 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, Senior Coastsiders Inc reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Coastsiders Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include My Fathers Storehouse ($1.6m), Bridge House Inc ($1.6m) and KW Next Gen ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $154k (11% of expenses). Other salaries and wages came to $473k. At year end it held assets of $5.6m against liabilities of $108k, net assets of $5.5m. It reported 12 employees.