Friends of the Wellesley Council on Aging

Analysis

Friends of the Wellesley Council on Aging is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2024, Friends of the Wellesley Council on Aging reported income of $81k and spending of $91k, spending 112% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $81k (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Wellesley Council on Aging sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Friends of the Overlook House ($81k), C a S a Program for Bullitt County Inc ($81k) and Friendship House Corporation ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.