Little Brothers Friends of the Elderly - Boston Inc

Analysis

Little Brothers Friends of the Elderly - Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1986, 40 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 September 2023, Little Brothers Friends of the Elderly - Boston Inc reported income of $842k and spending of $1.0m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $842k (-40%), an average of -12% a year. The sharpest change came in the year to September 2020, when income dropped by 60%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Brothers Friends of the Elderly - Boston Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Lorain County Urban League Inc ($842k), North Side Partnership Project ($842k) and Missouri Child Care Association ($842k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $123k (12% of expenses). Other salaries and wages came to $334k. It paid $64k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $383k, net assets of $1.6m. It reported 10 employees.