Friends of Wellesley Veterans Inc

Analysis

Friends of Wellesley Veterans Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of Wellesley Veterans Inc reported income of $71k and spending of $62k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $6,225 to $71k (+1037%), an average of +1037% a year. The sharpest change came in the year to December 2023, when income rose by 1037%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Wellesley Veterans Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Chora Nova ($71k), Good Footage Productions Inc ($71k) and Sparrows Point North Point Historical Society Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.