Friends of the Hadley Council on Aging Incorporated

Analysis

Friends of the Hadley Council on Aging Incorporated is a registered charity in United States, based in Hadley, MA. It received its IRS tax-exemption ruling in February 2015, 11 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 December 2023, Friends of the Hadley Council on Aging Incorporated reported income of $81k and spending of $67k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $81k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Hadley Council on Aging Incorporated sits at the 28th percentile: it is larger than about 28% 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 Salem Global Foundation Inc ($81k), Bennett Chapel Family Outreach Center Inc ($81k) and Jallohs Upright Services of North Carolina ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.