Friends of the Peabody Council on Aging Inc

Analysis

Friends of the Peabody Council on Aging Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. 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, Friends of the Peabody Council on Aging Inc reported income of $153k and spending of $145k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $153k (+11%), an average of +11% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Peabody Council on Aging Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include One Town Inc ($153k), North Carolina Foundation for Alcohol and Drug Studies Inc ($153k) and Harvesting Hope Youth and Families Services Inc ($153k).

At year end it held assets of $228k against liabilities of $1,981, net assets of $226k.