Friends to the Elderly Inc

Analysis

Friends to the Elderly Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2017, 9 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 August 2023, Friends to the Elderly Inc reported income of $113k and spending of $136k, spending 121% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $106k to $113k (+6.5%), an average of +6.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends to the Elderly Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Bonita Senior Center Inc ($113k), Fannin Pregnancy Care Center ($113k) and Kids with Purpose International ($113k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.