Massachusetts Adoption Resource Exchange Inc

Analysis

Massachusetts Adoption Resource Exchange Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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, Massachusetts Adoption Resource Exchange Inc reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.9m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Adoption Resource Exchange Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Quest Farm Inc ($1.9m), Arc of Denver Inc ($1.9m) and Operation Better Block Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $135k (7.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $905k against liabilities of $302k, net assets of $603k. It reported 21 employees.