Boxford Friendship Foundation Inc

Analysis

Boxford Friendship Foundation Inc is a registered charity in United States, based in Boxford, MA. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Boxford Friendship Foundation Inc reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $997k to $1.3m (+28%), an average of +6.3% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boxford Friendship Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Nueva Esperanza Housing and Economic Development ($1.3m), Fellowship Missions ($1.3m) and Warrick Dunn Charities Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $12.3m against liabilities of $15.3m, net assets of -$3.0m.