Association of the First Corps of Cadets

Analysis

Association of the First Corps of Cadets is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 March 2023, Association of the First Corps of Cadets reported income of $218k and spending of $143k, leaving 34% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $112k to $218k (+95%), an average of +18% a year. The sharpest change came in the year to March 2023, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of the First Corps of Cadets sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($218k), Bluegrass Senior Assist ($218k) and Planned Giving Group of New England ($218k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 8.9% of the total. Compensation of current officers, directors and key employees was $57k (40% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 2 employees.