Massachusetts College of Liberal Arts Foundation Inc

Analysis

Massachusetts College of Liberal Arts Foundation Inc is a registered charity in United States, based in North Adams, MA. It received its IRS tax-exemption ruling in June 1977, 49 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, Massachusetts College of Liberal Arts Foundation Inc reported income of $4.1m and spending of $1.9m, leaving 55% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $4.1m (+64%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts College of Liberal Arts Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Atlanta General Education Center Inc ($4.1m), Harnett County Partnership for Children Inc ($4.1m) and Summit Charter School Foundation Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. It paid $177k in professional fundraising fees. At year end it held assets of $26.1m against liabilities of $2.1m, net assets of $24.1m.