Jewish Federation of Central Massachusetts Inc

Analysis

Jewish Federation of Central Massachusetts Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in November 1944, 82 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jewish Federation of Central Massachusetts Inc reported income of $2.9m and spending of $1.9m, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $2.9m (+51%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 58%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Federation of Central Massachusetts Inc sits at the 90th percentile: it is larger than about 90% 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 Emergency Medical Service a Trust ($2.9m), Community Charities of Minnesota ($2.9m) and Whidbey Community Foundation ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $171k (8.9% of expenses). Other salaries and wages came to $449k. At year end it held assets of $15.5m against liabilities of $1.4m, net assets of $14.0m. It reported 11 employees.