Friends of the Senior Center Inc

Analysis

Friends of the Senior Center Inc is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in April 1997, 29 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 December 2023, Friends of the Senior Center Inc reported income of $75k and spending of $32k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $75k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Senior Center Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Christian Food Bank of Salemburg ($75k), Matthew 25 40 ($75k) and Black Phoenix Foundation Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.