Massachusetts Aging Access Association Inc

Analysis

Massachusetts Aging Access Association Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in July 1994, 32 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 Aging Access Association Inc reported income of $784k and spending of $675k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $417k to $784k (+88%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Massachusetts Aging Access Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Olmsted Gardens Inc ($784k), Arise Community Solutions Inc ($784k) and Marin Village ($783k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $146k (22% of expenses). Other salaries and wages came to $20k. At year end it held assets of $734k against liabilities of $169k, net assets of $565k.