Aging Services of North Central Massachusetts Inc

Analysis

Aging Services of North Central Massachusetts Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in June 1975, 51 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, Aging Services of North Central Massachusetts Inc reported income of $22.3m and spending of $21.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.9m to $22.3m (+12%), an average of +2.9% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Services of North Central Massachusetts Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Cascade Pace Inc ($22.3m), Association for the Advancement of Mexican Americans ($22.3m) and Nysarc Inc ($22.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $306k (1.4% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $17.4m against liabilities of $5.0m, net assets of $12.4m. It reported 132 employees.