Wellesley Friendly Aid Association

Analysis

Wellesley Friendly Aid Association is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellesley Friendly Aid Association reported income of $220k and spending of $234k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $220k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 24%. 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, Wellesley Friendly Aid Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Des Moines County Historial Society ($220k), Junior League of Panama City Inc ($220k) and Sanford Soup Kitchen Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $65k. At year end it held assets of $645k against liabilities of $32k, net assets of $613k. It reported 1 employees.