Friends of Chicopee Senior Citizens Inc

Analysis

Friends of Chicopee Senior Citizens Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in August 2006, 20 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 2024, Friends of Chicopee Senior Citizens Inc reported income of $66k and spending of $87k, spending 132% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $271k to $66k (-76%), an average of -38% a year. The sharpest change came in the year to June 2021, when income dropped by 71%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Chicopee Senior Citizens Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Bellaire Community Food Pantry Inc ($66k), I Rise FL Inc ($66k) and Massachusetts Senior Games Inc ($66k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 71% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.