Worcester County Mechanics Association

Analysis

Worcester County Mechanics Association is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1945, 81 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 June 2023, Worcester County Mechanics Association reported income of $2.8m and spending of $2.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.8m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 267%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester County Mechanics Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Otis Redding Foundation Inc ($2.8m), Town Hall Association ($2.8m) and Investigative Reporters and Editors Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $115k (4.6% of expenses). Other salaries and wages came to $912k. At year end it held assets of $9.8m against liabilities of $213k, net assets of $9.6m. It reported 48 employees.