Fahrney Keedy Senior Living Community

Analysis

Fahrney Keedy Senior Living Community is a registered charity in United States, based in Boonsboro, MD. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fahrney Keedy Senior Living Community reported income of $24.8m and spending of $28.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.9m to $24.8m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fahrney Keedy Senior Living Community sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Center for Families and Children ($24.8m), Concern-Professional Services for Children Youth and Families ($24.9m) and Central Baptist Home for the Aged ($24.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $522k (1.8% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $43.5m against liabilities of $30.3m, net assets of $13.3m. It reported 323 employees.