Montachusett Veterans Outreach Center Inc

Analysis

Montachusett Veterans Outreach Center Inc is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in January 1983, 43 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, Montachusett Veterans Outreach Center Inc reported income of $2.4m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.4m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montachusett Veterans Outreach Center Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Crop Science Society of America Inc ($2.4m), Crossroads School ($2.4m) and Dearborn Young Mens Chrstian Association ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $153k (7.5% of expenses). Other salaries and wages came to $839k. At year end it held assets of $5.5m against liabilities of $5.4m, net assets of $77k. It reported 26 employees.