Pocumtuck Valley Memorial Assn

Analysis

Pocumtuck Valley Memorial Assn is a registered charity in United States, based in Deerfield, MA. It received its IRS tax-exemption ruling in August 1949, 77 years ago. 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 June 2024, Pocumtuck Valley Memorial Assn reported income of $2.0m and spending of $1.3m, leaving 36% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $763k to $2.0m (+164%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pocumtuck Valley Memorial Assn sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.0m), Kansas State Newman Foundation ($2.0m) and Preston Hollow Presbyterian Church ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $48k (3.7% of expenses). Other salaries and wages came to $144k. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.6m. It reported 35 employees.