Friends of the Greenwich Senior Center Inc

Analysis

Friends of the Greenwich Senior Center Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Friends of the Greenwich Senior Center Inc reported income of $195k and spending of $30k, leaving 85% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income grew from $94k to $195k (+108%), an average of +20% a year. The sharpest change came in the year to August 2023, when income rose by 21103%. Over the whole period it spent 9.2% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Greenwich Senior Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Corporate Action Network ($195k), Hope Gain Network ($195k) and Quincy Area Project General Fund ($195k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.1% and program service revenue 13% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.