Peter Faneuil Development Group Inc

Analysis

Peter Faneuil Development Group Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1992, 34 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, Peter Faneuil Development Group Inc reported income of $647k and spending of $662k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $647k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peter Faneuil Development Group Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Arts Place Inc ($647k), Duniway All Stars Child Care Inc ($647k) and West Central Georgia Cancer Coalition Inc ($647k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.3m.