Friends of Wellesley Metco Inc

Analysis

Friends of Wellesley Metco Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Friends of Wellesley Metco Inc reported income of $114k and spending of $76k, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $147k to $114k (-22%), an average of -6.1% a year. The sharpest change came in the year to September 2021, when income dropped by 23%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Wellesley Metco Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Why-Not-Me Foundation ($114k), Kennedale Athletic Booster Club Corp ($114k) and Camas Booster Club ($114k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $376k against liabilities of $0, net assets of $376k.