Senior Friends Inc

Analysis

Senior Friends Inc is a registered charity in United States, based in Hartford, WI. It received its IRS tax-exemption ruling in February 1981, 45 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, Senior Friends Inc reported income of $232k and spending of $265k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $232k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Friends Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include Castaways Thrift Co ($232k), Churches of Osage County United ($232k) and Cashmere Food Bank ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $42k (16% of expenses). Other salaries and wages came to $23k. At year end it held assets of $476k against liabilities of $4,131, net assets of $472k. It reported 3 employees.