Massachusetts Association of 766 Approved Private Schools Inc

Analysis

Massachusetts Association of 766 Approved Private Schools Inc is a registered charity in United States, based in Stoneham, MA. It received its IRS tax-exemption ruling in September 1981, 45 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 Association of 766 Approved Private Schools Inc reported income of $1.8m and spending of $1.4m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+6.9%), an average of +1.7% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Association of 766 Approved Private Schools Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Briarfield Academy ($1.8m), Early Learning Institute ($1.8m) and Jacksonville Public Libraries Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $337k (24% of expenses). Other salaries and wages came to $347k. At year end it held assets of $3.8m against liabilities of $235k, net assets of $3.6m. It reported 5 employees.