Foundation for Senior Adult Living Inc

Analysis

Foundation for Senior Adult Living Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 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 Adult Living Inc reported income of $369k and spending of $380k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $344k to $369k (+7.2%), an average of +1.8% a year. Over the whole period it spent 94% 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 Adult Living Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within AZ. Charities of a similar size with the same main cause include The Macmillan Institute ($369k), Kansas City Rotary Club Foundation ($369k) and Sphere Inc ($369k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Other salaries and wages came to $60k. At year end it held assets of $997k against liabilities of $1.1m, net assets of -$149k.