Agudas Achim Development Corporation

Analysis

Agudas Achim Development Corporation is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in June 1965, 61 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 September 2022, Agudas Achim Development Corporation reported income of $946k and spending of $1.1m, spending 118% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $1.2m to $946k (-21%), an average of -7.5% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agudas Achim Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Cameron Community Action Agency Inc ($946k), Electrical Industry Educational Fund ($946k) and Cornelia de Lange Syndrome Foundation Inc ($946k).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $204k. At year end it held assets of $2.3m against liabilities of $230k, net assets of $2.0m.