Friends of the Westport Council on Aging Inc

Analysis

Friends of the Westport Council on Aging Inc is a registered charity in United States, based in Westport, MA. It received its IRS tax-exemption ruling in June 1987, 39 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 Westport Council on Aging Inc reported income of $72k and spending of $19k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $72k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 46% 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 Westport Council on Aging Inc sits at the 28th percentile: it is larger than about 28% 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 PTA California Congress of Parents Teachers & Students Inc ($72k), True Path Ministry Inc ($72k) and Little League Baseball Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $714k against liabilities of $466, net assets of $714k.