Little Brothers-Friends of the Elderly

Analysis

Little Brothers-Friends of the Elderly is a registered charity in United States, based in Hancock, MI. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Little Brothers-Friends of the Elderly reported income of $1.1m and spending of $877k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $749k to $1.1m (+40%), an average of +8.9% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Brothers-Friends of the Elderly sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Austin Diaper Bank ($1.1m), Home Works of America Inc ($1.1m) and Hunger Ends Here ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $67k (7.7% of expenses). Other salaries and wages came to $364k. At year end it held assets of $973k against liabilities of $126k, net assets of $847k. It reported 23 employees.