Senior Friendship Centers Inc

Analysis

Senior Friendship Centers Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 1976, 50 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 Friendship Centers Inc reported income of $15.8m and spending of $16.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.0m to $15.8m (+5.2%), an average of +1.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Friendship Centers Inc 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 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Options Counseling Services of Oregon ($15.8m), Northern California Inalliance ($15.8m) and Innovation Works Inc ($15.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $371k (2.3% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $7.7m against liabilities of $2.2m, net assets of $5.5m. It reported 118 employees.