Friends of Elder Citizens Inc

Analysis

Friends of Elder Citizens Inc is a registered charity in United States, based in Palacios, TX. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Friends of Elder Citizens Inc reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $817k to $1.0m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2023, when income rose by 116%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Elder Citizens Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include American Financial Education Alliance ($1.0m), Manistee County Council on Aging ($1.0m) and New England Human Services Collaborative Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $469k. At year end it held assets of $306k against liabilities of $2,415, net assets of $303k. It reported 26 employees.