Wellesley Students Aid Society Inc

Analysis

Wellesley Students Aid Society Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in February 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wellesley Students Aid Society Inc reported income of $560k and spending of $1.6m, spending 277% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.6m to $560k (-78%), an average of -40% a year. The sharpest change came in the year to June 2021, when income rose by 427%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wellesley Students Aid Society Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Morris Plains Cooperative Play School ($560k), Arm 4 Arm Foundation ($560k) and Montessori Childrens House of Nantucket Inc ($559k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $147k (9.5% of expenses). Other salaries and wages came to $111k. At year end it held assets of $44.4m against liabilities of $29k, net assets of $44.4m.