Wellesley Abc Program Inc

Analysis

Wellesley Abc Program Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in October 1972, 54 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 Abc Program Inc reported income of $172k and spending of $179k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $683k to $172k (-75%), an average of -29% a year. The sharpest change came in the year to June 2020, when income dropped by 50%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wellesley Abc Program Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include East Clarendon Athletic Booster Club ($172k), Ohio County Schools Foundation Inc ($172k) and Palm Valley Academy PTO ($172k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.6m against liabilities of $252k, net assets of $1.3m. It reported 3 employees.