Friendship Adult Day Care Center Inc

Analysis

Friendship Adult Day Care Center Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 1979, 47 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 June 2023, Friendship Adult Day Care Center Inc reported income of $1.1m and spending of $1.2m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $1.1m (-23%), an average of -8.3% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Adult Day Care Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Alameda Meals on Wheels ($1.1m), Beloved Atlanta Inc ($1.1m) and Stamford Senior Center Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $174k (14% of expenses). Other salaries and wages came to $566k. At year end it held assets of $6.8m against liabilities of $252k, net assets of $6.6m. It reported 18 employees.