Friends of the Ipswich Elderly Inc

Analysis

Friends of the Ipswich Elderly Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in July 1992, 34 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 Ipswich Elderly Inc reported income of $63k and spending of $49k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $63k (+5.7%), an average of +5.7% a year. Over the whole period it spent 76% 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 Ipswich Elderly Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Becky David Parent Teacher Organization ($63k), Newbridge Baptist Church Endowment Fund Inc ($63k) and San Fernando Valley Symphony Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 17% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.