Middlesex County Foundation Inc

Analysis

Middlesex County Foundation Inc is a registered charity in United States, based in Ashby, MA. It received its IRS tax-exemption ruling in July 1968, 58 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 December 2023, Middlesex County Foundation Inc reported income of $859k and spending of $735k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $859k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Middlesex County Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Guardian & Protective Services Inc ($859k), Cherished Impressions Child Placing Agency ($859k) and Paragon Non Profit Housing Corporation ($859k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $57k (7.7% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.3m against liabilities of $106k, net assets of $1.2m. It reported 50 employees.