Friends Services for the Aging

Analysis

Friends Services for the Aging is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Services for the Aging reported income of $4.8m and spending of $4.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $4.8m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Services for the Aging sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Anu Family Services Inc ($4.8m), Gateway Residential Programs ($4.8m) and The Viscardi Center Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.6m (38% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.6m against liabilities of $685k, net assets of $5.9m. It reported 24 employees.