Uss Massachusetts Memorial Comm Inc

Analysis

Uss Massachusetts Memorial Comm Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in May 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Uss Massachusetts Memorial Comm Inc reported income of $3.1m and spending of $2.2m, leaving 28% of income unspent that year. Across the 6 years on record, from September 2018 to September 2023, income grew from $2.2m to $3.1m (+42%), an average of +7.3% a year. The sharpest change came in the year to September 2022, when income rose by 66%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Uss Massachusetts Memorial Comm Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Eagle Market Streets Development ($3.1m), Afro-American Cultural Center Inc ($3.1m) and Tricycle Foundation Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. Other salaries and wages came to $606k. At year end it held assets of $12.9m against liabilities of $3.2m, net assets of $9.8m. It reported 58 employees.