Senior Companion Fund

Analysis

Senior Companion Fund is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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, Senior Companion Fund reported income of $53k and spending of $178k, spending 334% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $130k to $53k (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 2290%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Companion Fund sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 15th percentile within SD. Charities of a similar size with the same main cause include Long Beach Heritage Coalition ($53k), PTA Oregon Congress ($53k) and Showers of Hope ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.