Friends of Moreno Valley Senior Center

Analysis

Friends of Moreno Valley Senior Center is a registered charity in United States, based in Moreno Valley, CA. It received its IRS tax-exemption ruling in May 1986, 40 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 June 2024, Friends of Moreno Valley Senior Center reported income of $221k and spending of $270k, spending 122% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $173k to $221k (+28%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Moreno Valley Senior Center 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 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Re-Fined ($221k), Hope Chest for Women Inc ($221k) and Bedford Community Christmas Station Inc ($221k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.