Massachusetts Assoc of Council on Aging & Senior Ctr Directors Inc

Analysis

Massachusetts Assoc of Council on Aging & Senior Ctr Directors Inc is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Assoc of Council on Aging & Senior Ctr Directors Inc reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $4.0m (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 35%. 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, Massachusetts Assoc of Council on Aging & Senior Ctr Directors Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Joyce Network Inc ($4.0m), Young Mens Christian Assoc ($4.0m) and Opportunity Resource Fund ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $168k (4.2% of expenses). Other salaries and wages came to $709k. At year end it held assets of $1.8m against liabilities of $1.3m, net assets of $546k. It reported 10 employees.