Massachusetts Chess Association

Analysis

Massachusetts Chess Association is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 April 2024, Massachusetts Chess Association reported income of $92k and spending of $76k, spending 83% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $86k to $92k (+7.1%), an average of +7.1% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Massachusetts Chess Association sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include United States Field Hockey Foundation ($92k), Irish Football Boosters ($92k) and Adirondack Aquatic Center Inc ($92k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 1.1% and program service revenue 90% of the total. At year end it held assets of $169k against liabilities of $1,229, net assets of $168k.