Fifty Over Fifty Inc

Analysis

Fifty Over Fifty Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Fifty Over Fifty Inc reported income of $338k and spending of $332k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $319k to $338k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fifty Over Fifty Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include United Way of the Bradford Area Inc ($338k), Knoxville Jazz Orchestra ($339k) and Avila Beach Community Foundation ($338k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $649k against liabilities of $254k, net assets of $395k.