Massachusetts Association of Assessing Officers Inc

Analysis

Massachusetts Association of Assessing Officers Inc is a registered charity in United States, based in Shrewsbury, MA. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Massachusetts Association of Assessing Officers Inc reported income of $439k and spending of $424k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $280k to $439k (+57%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Association of Assessing Officers Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Elma Marilla Wales Sports Inc ($439k), Options for Women St Croix Valley ($439k) and Mid Michigan College Foundation ($439k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $63k (15% of expenses). Other salaries and wages came to $54k. At year end it held assets of $503k against liabilities of $64k, net assets of $439k. It reported 5 employees.