Key Program Incorporated

Analysis

Key Program Incorporated is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Key Program Incorporated reported income of $53.7m and spending of $44.2m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $34.5m to $53.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Key Program Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Young Mens Christian Association of South Hampton Roads ($53.5m), Greenpath Inc ($53.7m) and Ohio Living Holdings ($53.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.7m (3.7% of expenses). Other salaries and wages came to $25.8m. At year end it held assets of $41.8m against liabilities of $10.5m, net assets of $31.4m. It reported 523 employees.