Friends of Bourne Council on Aging Inc

Analysis

Friends of Bourne Council on Aging Inc is a registered charity in United States, based in Bourne, MA. It received its IRS tax-exemption ruling in April 1980, 46 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, Friends of Bourne Council on Aging Inc reported income of $336k and spending of $253k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $251k to $336k (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Bourne Council on Aging Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Community Reach Inc ($336k), Love Is a Gift Incorporated ($336k) and Lindale Child Care Program ($336k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $76k. At year end it held assets of $710k against liabilities of $9,144, net assets of $701k. It reported 7 employees.