The Friends of the Danvers Council on Aging Inc

Analysis

The Friends of the Danvers Council on Aging Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Friends of the Danvers Council on Aging Inc reported income of $89k and spending of $16k, leaving 82% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $58k to $89k (+55%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 41%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Friends of the Danvers Council on Aging Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Pangani Foundation Inc ($89k), Neighbor to Neighbor Lah-Bnt ($89k) and Senior Nutrition Council of Jefferson City and Cole County ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 25% of the total. At year end it held assets of $469k against liabilities of $0, net assets of $469k.