Seniorsplus
Seniorsplus consistently grows revenue and maintains surpluses with no reported officer compensation.
EIN: 10317103 · Lewiston, ME · NTEE: P810 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35.1M |
| Total Expenses | $30.2M |
| Program Spending | 90% |
| Net Assets | $6.9M |
| Transparency Score | 95/100 |
Is Seniorsplus Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seniorsplus directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seniorsplus
Seniorsplus (EIN: 10317103) is a nonprofit organization based in Lewiston, ME, classified under NTEE code P810. The organization reported total revenue of $35.1M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seniorsplus's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seniorsplus is a large nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.8M |
| Total Expenses | $30.2M |
| Surplus / Deficit | +$631K |
| Total Assets | $10.3M |
| Total Liabilities | $3.4M |
| Net Assets | $6.9M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 32.9% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Seniorsplus reported a surplus of $631K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 32.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seniorsplus's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +10.4% | +16.0% |
| 2022 | -6.9% | -5.9% | +4.7% |
| 2021 | +19.2% | +15.8% | -12.5% |
| 2020 | +9.1% | +8.6% | +58.2% |
| 2019 | +3.7% | +3.9% | -12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Seniorsplus with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Seniorsplus allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $631K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.9%.
Executive Compensation Analysis
Seniorsplus consistently reports 0% officer compensation across all provided filing periods, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual and suggests a strong commitment to program spending or that executive compensation is covered by other means not reflected in this specific metric.
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 Seniorsplus's IRS 990 filings:
- Unusually low or zero reported officer compensation may warrant further investigation into how leadership is compensated or if this metric is fully representative.
Strengths
The following positive indicators were identified for Seniorsplus:
- Consistent revenue growth, increasing from $18.1M in 2014 to $30.8M in 2023.
- Consistent operational surpluses, indicating sound financial management (e.g., $631,110 surplus in 202306).
- Zero reported officer compensation across all filings, suggesting high program efficiency.
- Healthy asset growth, from $6.09M in 2014 to $10.34M in 2023.
- Strong history of IRS 990 filings, indicating transparency.
Frequently Asked Questions about Seniorsplus
Is Seniorsplus a legitimate charity?
Based on AI analysis of IRS 990 filings, Seniorsplus (EIN: 10317103) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Seniorsplus spend its money?
Seniorsplus directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seniorsplus tax-deductible?
Seniorsplus is registered as a tax-exempt nonprofit (EIN: 10317103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seniorsplus's spending goes to programs?
Seniorsplus directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seniorsplus compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Seniorsplus 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 Seniorsplus located?
Seniorsplus is headquartered in Lewiston, Maine and files with the IRS under EIN 10317103. It is classified under NTEE code P810.
How many years of IRS 990 filings does Seniorsplus have?
Seniorsplus 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 $35.1M in total revenue.
Is Seniorsplus a good charity?
Based on the provided financial data, Seniorsplus appears to be a very good charity. It demonstrates consistent revenue growth, maintains healthy surpluses, and notably reports 0% officer compensation across all filings, suggesting a strong dedication to its mission.
How has Seniorsplus's revenue grown over time?
Seniorsplus has shown significant revenue growth, increasing from $18,146,715 in 201406 to $30,804,565 in 202306, representing an increase of over 69% in less than a decade.
What is Seniorsplus's financial stability?
Seniorsplus exhibits strong financial stability, consistently operating with a surplus (e.g., $631,110 in 202306) and growing its assets from $6,091,690 in 201406 to $10,340,821 in 202306, while maintaining manageable liabilities.
Filing History
IRS 990 filing history for Seniorsplus showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seniorsplus's revenue has grown by 57.6%, moving from $19.6M to $30.8M. Total assets increased by 83.4% over the same period, from $5.6M to $10.3M. Total functional expenses rose by 47.7%, from $20.4M to $30.2M. In its most recent filing year (2023), Seniorsplus reported a surplus of $631K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $10.3M in assets (debt-to-asset ratio: 32.9%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30.8M | $30.2M | $10.3M | $3.4M | — | View 990 |
| 2022 | $28.2M | $27.3M | $8.9M | $2.7M | — | View 990 |
| 2021 | $30.3M | $29.0M | $8.5M | $2.9M | — | View 990 |
| 2020 | $25.5M | $25.1M | $9.7M | $5.6M | — | View 990 |
| 2019 | $23.3M | $23.1M | $6.1M | $2.3M | — | View 990 |
| 2018 | $22.5M | $22.2M | $7.0M | $3.5M | — | View 990 |
| 2017 | $22.0M | $22.4M | $6.4M | $3.1M | — | View 990 |
| 2016 | $21.1M | $20.8M | $7.1M | $3.3M | — | View 990 |
| 2015 | $19.0M | $18.9M | $6.3M | $2.9M | — | View 990 |
| 2014 | $18.1M | $18.1M | $6.1M | $2.8M | — | View 990 |
| 2013 | $17.7M | $17.6M | $4.6M | $1.3M | — | View 990 |
| 2012 | $17.1M | $17.0M | $5.8M | $2.7M | — | View 990 |
| 2011 | $19.6M | $20.4M | $5.6M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.8M, expenses of $30.2M, and assets of $10.3M (revenue +9.1% year-over-year).
- 2022: Revenue of $28.2M, expenses of $27.3M, and assets of $8.9M (revenue -6.9% year-over-year).
- 2021: Revenue of $30.3M, expenses of $29.0M, and assets of $8.5M (revenue +19.2% year-over-year).
- 2020: Revenue of $25.5M, expenses of $25.1M, and assets of $9.7M (revenue +9.1% year-over-year).
- 2019: Revenue of $23.3M, expenses of $23.1M, and assets of $6.1M (revenue +3.7% year-over-year).
- 2018: Revenue of $22.5M, expenses of $22.2M, and assets of $7.0M (revenue +2.5% year-over-year).
- 2017: Revenue of $22.0M, expenses of $22.4M, and assets of $6.4M (revenue +3.9% year-over-year).
- 2016: Revenue of $21.1M, expenses of $20.8M, and assets of $7.1M (revenue +11.3% year-over-year).
- 2015: Revenue of $19.0M, expenses of $18.9M, and assets of $6.3M (revenue +4.7% year-over-year).
- 2014: Revenue of $18.1M, expenses of $18.1M, and assets of $6.1M (revenue +2.4% year-over-year).
- 2013: Revenue of $17.7M, expenses of $17.6M, and assets of $4.6M (revenue +3.7% year-over-year).
- 2012: Revenue of $17.1M, expenses of $17.0M, and assets of $5.8M (revenue -12.6% year-over-year).
- 2011: Revenue of $19.6M, expenses of $20.4M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seniorsplus:
Data Sources and Methodology
This transparency report for Seniorsplus 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.