Friends of the Millbury Seniors Inc

Analysis

Friends of the Millbury Seniors Inc is a registered charity in United States, based in Millbury, MA. It received its IRS tax-exemption ruling in March 2022, 4 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 February 2024, Friends of the Millbury Seniors Inc reported income of $72k and spending of $99k, spending 137% of what it took in. Across the 2 years on record, from February 2023 to February 2024, income fell from $178k to $72k (-60%), an average of -60% a year. The sharpest change came in the year to February 2024, when income dropped by 60%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Millbury Seniors Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Youth Futures ($72k), SVDP Society of Sja Lisle Conference ($72k) and Wilson County Christmas for All ($72k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $209k against liabilities of $0, net assets of $209k.