Small Friends on Nantucket Inc

Analysis

Small Friends on Nantucket Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Small Friends on Nantucket Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Small Friends on Nantucket Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Baltimore Hunger Project LLC ($1.2m), Community Family Development Inc ($1.2m) and Angel City Alliance ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 57% of the total. Other salaries and wages came to $899k. At year end it held assets of $3.7m against liabilities of $354k, net assets of $3.4m. It reported 21 employees.