Colonie Senior Service Centers Inc
Colonie Senior Service Centers: Strong Asset Growth, Moderate Program Spending
EIN: 222366576 · Colonie, NY · NTEE: P810 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10.5M |
| Total Expenses | $2.3M |
| Program Spending | 78% |
| Net Assets | $3.9M |
| Transparency Score | 75/100 |
Is Colonie Senior Service Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colonie Senior Service Centers Inc directs 78% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colonie Senior Service Centers Inc
Colonie Senior Service Centers Inc (EIN: 222366576) is a nonprofit organization based in Colonie, NY, classified under NTEE code P810. The organization reported total revenue of $10.5M and total assets of $55.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colonie Senior Service Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colonie Senior Service Centers Inc is a large nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$649K |
| Total Assets | $47.6M |
| Total Liabilities | $43.7M |
| Net Assets | $3.9M |
| Operating Margin | 22.3% |
| Debt-to-Asset Ratio | 91.8% |
| Months of Reserves | 253.3 months |
Financial Health Grade: A
In 2023, Colonie Senior Service Centers Inc reported a surplus of $649K with revenue exceeding expenses, holds 253.3 months of operating reserves (strong position), has a debt-to-asset ratio of 91.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Colonie Senior Service Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | +12.9% | +36.2% |
| 2022 | -6.4% | +21.1% | -1.5% |
| 2021 | -10.4% | -5.4% | -0.9% |
| 2020 | +7.4% | -14.9% | +1.2% |
| 2019 | +4.4% | -8.7% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Colonie Senior Service Centers Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 78%
- fundraising: 10%
According to IRS 990 filings, Colonie Senior Service Centers Inc allocates its expenses as follows: admin: 12%, programs: 78%, fundraising: 10%. With 78% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $649K, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.8%.
Executive Compensation Analysis
Executive compensation information is not provided in the given data, preventing a specific assessment of its reasonableness relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Colonie Senior Service Centers Inc's IRS 990 filings:
- Lack of specific executive compensation data in the provided filings makes it impossible to assess fairness or potential concerns.
Strengths
The following positive indicators were identified for Colonie Senior Service Centers Inc:
- Significant asset growth from $30M in 2016 to $55M in 2023 demonstrates strong financial management and expansion.
- Consistent revenue generation over the years, with a notable increase in 2023 to over $2.9 million.
- Healthy program spending percentage, indicating a focus on direct services to beneficiaries.
Frequently Asked Questions about Colonie Senior Service Centers Inc
Is Colonie Senior Service Centers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colonie Senior Service Centers Inc (EIN: 222366576) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Colonie Senior Service Centers Inc spend its money?
Colonie Senior Service Centers Inc directs 78% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colonie Senior Service Centers Inc tax-deductible?
Colonie Senior Service Centers Inc is registered as a tax-exempt nonprofit (EIN: 222366576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Colonie Senior Service Centers Inc's spending goes to programs?
Colonie Senior Service Centers Inc directs 78% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colonie Senior Service Centers Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Colonie Senior Service Centers Inc is above average for NTEE category P810 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colonie Senior Service Centers Inc located?
Colonie Senior Service Centers Inc is headquartered in Colonie, New York and files with the IRS under EIN 222366576. It is classified under NTEE code P810.
How many years of IRS 990 filings does Colonie Senior Service Centers Inc have?
Colonie Senior Service Centers Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.5M in total revenue.
What does Colonie Senior Service Centers Inc do?
Colonie Senior Service Centers Inc is a nonprofit organization in the Human Services sector, located in Colonie, New York. It is classified under NTEE code P810.
How much revenue does Colonie Senior Service Centers Inc have?
Colonie Senior Service Centers Inc reported total revenue of $10,505,691. Based on 13 IRS 990 filings on record.
What are Colonie Senior Service Centers Inc's total assets?
Colonie Senior Service Centers Inc holds total assets of $55,695,988 as reported in IRS 990 filings.
Where is Colonie Senior Service Centers Inc located?
Colonie Senior Service Centers Inc is based in Colonie, New York.
What is Colonie Senior Service Centers Inc's EIN?
Colonie Senior Service Centers Inc's Employer Identification Number (EIN) is 222366576. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Colonie Senior Service Centers Inc?
Colonie Senior Service Centers Inc is classified under NTEE code P810 (Human Services).
Is Colonie Senior Service Centers Inc a registered 501(c)(3)?
Yes, Colonie Senior Service Centers Inc is recognized as a tax-exempt organization by the IRS. EIN: 222366576.
Does Colonie Senior Service Centers Inc file IRS Form 990?
Yes, Colonie Senior Service Centers Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Colonie Senior Service Centers Inc's revenue in 2023?
In the 202312 filing period, Colonie Senior Service Centers Inc reported total revenue of $2,905,485, total expenses of $2,256,384, and net assets of $47,632,864.
Is Colonie Senior Service Centers Inc's revenue growing or declining?
Colonie Senior Service Centers Inc's revenue is growing. Revenue went from $2,429,828 (202212) to $2,905,485 (202312), a +19.6% change. Based on 13 filings on record.
What is Colonie Senior Service Centers Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Colonie Senior Service Centers Inc covers tax period 202312. It shows revenue of $2,905,485, expenses of $2,256,384, total assets of $47,632,864, and liabilities of $43,717,276.
How much does Colonie Senior Service Centers Inc spend on programs vs administration?
Based on IRS 990 analysis, Colonie Senior Service Centers Inc allocates approximately 78% of expenses to program services, 12% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Colonie Senior Service Centers Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Colonie Senior Service Centers Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Colonie Senior Service Centers Inc?
The following concerns were identified: Lack of specific executive compensation data in the provided filings makes it impossible to assess fairness or potential concerns.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Colonie Senior Service Centers Inc's strengths?
Positive indicators for Colonie Senior Service Centers Inc include: Significant asset growth from $30M in 2016 to $55M in 2023 demonstrates strong financial management and expansion.. Consistent revenue generation over the years, with a notable increase in 2023 to over $2.9 million.. Healthy program spending percentage, indicating a focus on direct services to beneficiaries.. These findings are derived from AI analysis of the organization's financial filings.
How does Colonie Senior Service Centers Inc compensate executives?
Executive compensation information is not provided in the given data, preventing a specific assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial increase in assets from $34.9 million in 2022 to $47.6 million in 2023, and how does this impact future service capacity?
The data shows a significant jump in assets, from $34,962,904 in 2022 to $47,632,864 in 2023. This substantial increase, without corresponding revenue growth of the same magnitude, suggests potential capital investments, successful fundraising for endowments, or significant non-cash contributions. This growth likely enhances the organization's long-term sustainability and capacity to expand or improve services, though the specific nature of the asset increase would require further investigation of their detailed financial statements.
Filing History
IRS 990 filing history for Colonie Senior Service Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Colonie Senior Service Centers Inc's revenue has grown by 106%, moving from $1.4M to $2.9M. Total assets increased by 89% over the same period, from $25.2M to $47.6M. Total functional expenses rose by 43.2%, from $1.6M to $2.3M. In its most recent filing year (2023), Colonie Senior Service Centers Inc reported a surplus of $649K, with revenue exceeding expenses. The organization holds $43.7M in liabilities against $47.6M in assets (debt-to-asset ratio: 91.8%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.3M | $47.6M | $43.7M | — | — |
| 2022 | $2.4M | $2.0M | $35.0M | $32.2M | — | View 990 |
| 2021 | $2.6M | $1.7M | $35.5M | $34.7M | — | View 990 |
| 2020 | $2.9M | $1.7M | $35.8M | $37.4M | — | View 990 |
| 2019 | $2.7M | $2.0M | $35.4M | $37.2M | — | View 990 |
| 2018 | $2.6M | $2.2M | $35.5M | $37.2M | — | View 990 |
| 2017 | $3.0M | $2.0M | $37.9M | $40.3M | — | — |
| 2016 | $3.0M | $1.9M | $30.1M | $33.9M | — | View 990 |
| 2015 | $2.0M | $1.8M | $24.3M | $30.1M | — | View 990 |
| 2014 | $3.0M | $1.7M | $25.4M | $31.6M | — | View 990 |
| 2013 | $1.6M | $1.6M | $24.7M | $31.6M | — | View 990 |
| 2012 | $1.6M | $1.5M | $24.8M | $34.3M | — | View 990 |
| 2011 | $1.4M | $1.6M | $25.2M | $35.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.3M, and assets of $47.6M (revenue +19.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.0M, and assets of $35.0M (revenue -6.4% year-over-year).
- 2021: Revenue of $2.6M, expenses of $1.7M, and assets of $35.5M (revenue -10.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $1.7M, and assets of $35.8M (revenue +7.4% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.0M, and assets of $35.4M (revenue +4.4% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.2M, and assets of $35.5M (revenue -13.8% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.0M, and assets of $37.9M (revenue -1.7% year-over-year).
- 2016: Revenue of $3.0M, expenses of $1.9M, and assets of $30.1M (revenue +51.8% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $24.3M (revenue -33.0% year-over-year).
- 2014: Revenue of $3.0M, expenses of $1.7M, and assets of $25.4M (revenue +86.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $24.7M (revenue +2.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $24.8M (revenue +10.6% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.6M, and assets of $25.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colonie Senior Service Centers Inc:
Data Sources and Methodology
This transparency report for Colonie Senior Service Centers Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.