Society Of Seniors Incorporated
EIN: 521328599 · Downingtown, PA
Is Society Of Seniors Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Society Of Seniors Incorporated
Society Of Seniors Incorporated (EIN: 521328599) is a nonprofit organization based in Downingtown, PA. The organization reported total revenue of $775K and total assets of $567K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Seniors Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of Seniors Incorporated is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $918K |
| Total Expenses | $915K |
| Surplus / Deficit | +$3K |
| Total Assets | $377K |
| Total Liabilities | $72K |
| Net Assets | $305K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Society Of Seniors Incorporated reported a surplus of $3K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Society Of Seniors Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +19.5% | +12.2% |
| 2022 | +23.3% | +8.8% | +57.3% |
| 2021 | +46.2% | +39.9% | -9.1% |
| 2020 | -23.7% | -15.6% | -3.0% |
| 2019 | +0.5% | +0.3% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Society Of Seniors Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Society Of Seniors Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.2%.
Frequently Asked Questions about Society Of Seniors Incorporated
Is Society Of Seniors Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Society Of Seniors Incorporated (EIN: 521328599) insufficient data. 0 red flags identified, 0 strengths noted.
How does Society Of Seniors Incorporated spend its money?
Detailed spending breakdown data is not yet available for Society Of Seniors Incorporated. Check back for updated IRS 990 analysis.
Are donations to Society Of Seniors Incorporated tax-deductible?
Society Of Seniors Incorporated is registered as a tax-exempt nonprofit (EIN: 521328599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Society Of Seniors Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Society Of Seniors Incorporated's revenue has grown by 131.5%, moving from $396K to $918K. Total assets increased by 194.1% over the same period, from $128K to $377K. Total functional expenses rose by 89.4%, from $483K to $915K. In its most recent filing year (2023), Society Of Seniors Incorporated reported a surplus of $3K, with revenue exceeding expenses. The organization holds $72K in liabilities against $377K in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $305K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $918K | $915K | $377K | $72K | — | View 990 |
| 2022 | $864K | $765K | $336K | $30K | — | View 990 |
| 2021 | $700K | $704K | $214K | $6K | — | View 990 |
| 2020 | $479K | $503K | $235K | $24K | — | View 990 |
| 2019 | $628K | $596K | $242K | $8K | — | View 990 |
| 2018 | $625K | $594K | $265K | $62K | — | View 990 |
| 2017 | $739K | $730K | $173K | $325 | — | View 990 |
| 2016 | $599K | $567K | $226K | $62K | — | View 990 |
| 2015 | $666K | $651K | $183K | $59K | — | View 990 |
| 2014 | $599K | $595K | $180K | $71K | — | View 990 |
| 2013 | $539K | $531K | $115K | $30 | — | View 990 |
| 2012 | $506K | $527K | $107K | $0 | — | View 990 |
| 2011 | $396K | $483K | $128K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $918K, expenses of $915K, and assets of $377K (revenue +6.2% year-over-year).
- 2022: Revenue of $864K, expenses of $765K, and assets of $336K (revenue +23.3% year-over-year).
- 2021: Revenue of $700K, expenses of $704K, and assets of $214K (revenue +46.2% year-over-year).
- 2020: Revenue of $479K, expenses of $503K, and assets of $235K (revenue -23.7% year-over-year).
- 2019: Revenue of $628K, expenses of $596K, and assets of $242K (revenue +0.5% year-over-year).
- 2018: Revenue of $625K, expenses of $594K, and assets of $265K (revenue -15.5% year-over-year).
- 2017: Revenue of $739K, expenses of $730K, and assets of $173K (revenue +23.3% year-over-year).
- 2016: Revenue of $599K, expenses of $567K, and assets of $226K (revenue -10.0% year-over-year).
- 2015: Revenue of $666K, expenses of $651K, and assets of $183K (revenue +11.3% year-over-year).
- 2014: Revenue of $599K, expenses of $595K, and assets of $180K (revenue +11.1% year-over-year).
- 2013: Revenue of $539K, expenses of $531K, and assets of $115K (revenue +6.5% year-over-year).
- 2012: Revenue of $506K, expenses of $527K, and assets of $107K (revenue +27.7% year-over-year).
- 2011: Revenue of $396K, expenses of $483K, and assets of $128K.
Data Sources and Methodology
This transparency report for Society Of Seniors Incorporated 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.