Medfield Foundation Inc

Analysis

Medfield Foundation Inc is a registered charity in United States, based in Medfield, MA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 February 2024, Medfield Foundation Inc reported income of $252k and spending of $316k, spending 126% of what it took in. Across the 3 years on record, from February 2022 to February 2024, income fell from $434k to $252k (-42%), an average of -24% a year. The sharpest change came in the year to February 2024, when income dropped by 42%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Medfield Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Ellensburg Downtown Association ($252k), Blakeslee Community Association ($252k) and Allegheny Council to Improve Our Neighborhoods-Housing Incorporated ($252k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.