Medway Friends of Elders Inc

Analysis

Medway Friends of Elders Inc is a registered charity in United States, based in Medway, MA. It received its IRS tax-exemption ruling in December 1990, 36 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, Medway Friends of Elders Inc reported income of $54k and spending of $69k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $15k to $54k (+266%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 199%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medway Friends of Elders Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Pease Greeters Fund Inc ($54k), Habitat for Humanity International Inc ($54k) and Lakehurst First Aid Squad ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 82% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.