Friends of the Southborough Council on Aging Inc

Analysis

Friends of the Southborough Council on Aging Inc is a registered charity in United States, based in Southborough, MA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Friends of the Southborough Council on Aging Inc reported income of $79k and spending of $79k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $86k to $79k (-8.2%), an average of -8.2% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Southborough Council on Aging Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Genesis-Thomas County Inc ($79k), Awwland ($79k) and South Jersey Evangelism ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.