Foundation for Senior Living

Analysis

Foundation for Senior Living is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation for Senior Living reported income of $6.1m and spending of $3.4m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $6.1m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Senior Living sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Boy Scouts of America ($6.1m), Windsor Prep Inc ($6.1m) and Steamboat Springs Winter Sports Club Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $427k. At year end it held assets of $45.4m against liabilities of $28.7m, net assets of $16.7m.