Widows Friend Inc

Analysis

Widows Friend Inc is a registered charity in United States, based in Forestdale, MA. It received its IRS tax-exemption ruling in April 1985, 41 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 December 2023, Widows Friend Inc reported income of $239k and spending of $286k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $239k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Widows Friend Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Come As You Are ($239k), Scala Foundation a New Jersey Nonprofit Corporation ($239k) and Howard County Council on Aging ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (4.4% of expenses). At year end it held assets of $89k against liabilities of $0, net assets of $89k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.