Friends of the Chatham Council on Aging Inc

Analysis

Friends of the Chatham Council on Aging Inc is a registered charity in United States, based in Chatham, MA. It received its IRS tax-exemption ruling in November 1978, 48 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 2024, Friends of the Chatham Council on Aging Inc reported income of $53k and spending of $51k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $41k to $53k (+27%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Chatham Council on Aging Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Vision for Independence Center ($53k), The Neighborhood Hub ($53k) and Doorways Inc ($52k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. At year end it held assets of $324k against liabilities of $0, net assets of $324k.