Friends of the Hopkinton Seniors

Analysis

Friends of the Hopkinton Seniors is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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 the Hopkinton Seniors reported income of $57k and spending of $27k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $57k (-4.5%), an average of -4.5% a year. Over the whole period it spent 101% 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 Hopkinton Seniors sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Seymour Community Historical Society Inc ($57k), High Peake Inc ($57k) and American Inns of Court Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 26% of the total. At year end it held assets of $317k against liabilities of $0, net assets of $317k.