Friends of St Nick Foundation Inc

Analysis

Friends of St Nick Foundation Inc is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2024, Friends of St Nick Foundation Inc reported income of $53k and spending of $50k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $34k to $53k (+54%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of St Nick Foundation Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Dyslipidemia Foundation Inc ($53k), Health Care Support Advisors Inc ($53k) and Lane RMC Foundation ($53k).

At year end it held assets of $4,242 against liabilities of $0, net assets of $4,242.