Foundation Assisting Seniors Inc

Analysis

Foundation Assisting Seniors Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in February 2003, 23 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 2023, Foundation Assisting Seniors Inc reported income of $719k and spending of $831k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $178k to $719k (+303%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation Assisting Seniors Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NV. Charities of a similar size with the same main cause include Latina Safehouse Initiative ($719k), Purple Lemon Inc ($719k) and Not Another Child Incorporated ($719k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $809k against liabilities of $309k, net assets of $501k.