South Central Massachusetts Elder Bus Inc

Analysis

South Central Massachusetts Elder Bus Inc is a registered charity in United States, based in Charlton, MA. It received its IRS tax-exemption ruling in February 1976, 50 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 2023, South Central Massachusetts Elder Bus Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.4m (+1.4%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Central Massachusetts Elder Bus Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Boys & Girls Club of Walker County TX Inc ($1.4m), Zichron Mattel Inc ($1.4m) and Lakes Crisis & Resource Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (4.6% of expenses). Other salaries and wages came to $621k. At year end it held assets of $440k against liabilities of $292k, net assets of $148k. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.