Friends of Westwoods Council on Aging Inc

Analysis

Friends of Westwoods Council on Aging Inc is a registered charity in United States, based in Westwood, MA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Westwoods Council on Aging Inc reported income of $61k and spending of $57k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $61k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Westwoods Council on Aging Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Robert Gardner Millcreek Pioneer Home ($61k), New Energy Music ($61k) and Lynchburg Art Club Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 45% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.