Mason-Rice After School Program Inc

Analysis

Mason-Rice After School Program Inc is a registered charity in United States, based in Newton Centre, MA. It received its IRS tax-exemption ruling in August 1981, 45 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, Mason-Rice After School Program Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $897k to $1.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mason-Rice After School Program Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Suits of Kindness Inc ($1.0m), Childrens Home Society of Florida Foundation Inc ($1.0m) and Cole Acres Country Club Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $695k. At year end it held assets of $989k against liabilities of $165k, net assets of $824k. It reported 31 employees.