Friends of the Weymouth Council on Aging Inc

Analysis

Friends of the Weymouth Council on Aging Inc is a registered charity in United States, based in North Weymouth, MA. It received its IRS tax-exemption ruling in August 1984, 42 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 June 2024, Friends of the Weymouth Council on Aging Inc reported income of $176k and spending of $170k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $134k to $176k (+32%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 93% 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 Weymouth Council on Aging Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($176k), Eastern Society for Pediatric Research Inc ($176k) and Greater Cleveland Soccer Association ($176k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 93% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.