Senior Friendship Centers Foundation Inc

Analysis

Senior Friendship Centers Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Senior Friendship Centers Foundation Inc reported income of $2.9m and spending of $381k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $757k to $2.9m (+286%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 199%. Over the whole period it spent 26% 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 Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Food for Kids Inc ($2.9m), Wheaton Arts and Cultural Center Inc ($2.9m) and Wisconsin Primary Health Care Association Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. It paid $110k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $259k, net assets of $9.6m.