Arts Foundation for Seniors Inc

Analysis

Arts Foundation for Seniors Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2023, 3 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 December 2023, Arts Foundation for Seniors Inc reported income of $219k and spending of $66k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,000 to $219k (+4271%), an average of +4271% a year. The sharpest change came in the year to December 2023, when income rose by 4271%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arts Foundation for Seniors Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Community Housing Options Inc ($218k), Resources of Hope Inc ($219k) and Succeed 2gether Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $49k (74% of expenses). At year end it held assets of $159k against liabilities of $1,117, net assets of $158k. It reported 1 employees.