Ferncol Friends Inc

Analysis

Ferncol Friends Inc is a registered charity in United States, based in Baldwinville, MA. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Ferncol Friends Inc reported income of $138k and spending of $54k, leaving 61% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $147k to $138k (-6.0%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 54% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ferncol Friends Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Lower Merion Ice Hockey Club ($138k), Morrisville Soccer Club Inc ($138k) and Central Coast Youth Cycling Association ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 83% of the total. Other salaries and wages came to $29k. At year end it held assets of $336k against liabilities of $2,200, net assets of $334k.