Amesbury Educational Foundation Inc

Analysis

Amesbury Educational Foundation Inc is a registered charity in United States, based in Amesbury, MA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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 July 2023, Amesbury Educational Foundation Inc reported income of $87k and spending of $81k, spending 94% of its income. Across the 2 years on record, from July 2022 to July 2023, income fell from $115k to $87k (-25%), an average of -25% a year. The sharpest change came in the year to July 2023, when income dropped by 25%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amesbury Educational Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include McLaren Bay Region Auxiliary ($87k), Southwest Harbor Historical Society ($87k) and Ohio Prevention Professionals Association Inc ($87k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $435k against liabilities of $0, net assets of $435k.