Friends of the Veterans Memorial Senior Center

Analysis

Friends of the Veterans Memorial Senior Center is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Friends of the Veterans Memorial Senior Center reported income of $251k and spending of $278k, spending 110% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $247k to $251k (+1.9%), an average of +1.9% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Veterans Memorial Senior Center sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include On Our Own Frederick County Inc ($251k), Ten Thousand Villages of Huron Valley Inc ($251k) and Foster Hearts ($251k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 84% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.