Massachusetts Alliance of Portuguese Speakers Inc

Analysis

Massachusetts Alliance of Portuguese Speakers Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Massachusetts Alliance of Portuguese Speakers Inc reported income of $4.7m and spending of $4.0m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.5m to $4.7m (+33%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, Massachusetts Alliance of Portuguese Speakers Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Cool Kids Child Care Education and Nutrition ($4.7m), Arts and Services for Disabled Incorporated ($4.7m) and Awixa Home of Li Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $191k (4.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.4m against liabilities of $787k, net assets of $3.6m. It reported 53 employees.