Albert & Amelia Ferst Operating Foundation

Analysis

Albert & Amelia Ferst Operating Foundation is a registered charity in United States, based in Westfield, MA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Albert & Amelia Ferst Operating Foundation reported income of $506k and spending of $635k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $941k to $506k (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Albert & Amelia Ferst Operating Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Fairsport Inc ($506k), Beaver Dam Hockey Association Inc ($506k) and Starlings Volleyball Clubs USA ($506k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 95% of the total. Other salaries and wages came to $166k. At year end it held assets of $6.7m against liabilities of $290k, net assets of $6.4m. It reported 37 employees.