Massachusetts Higher Education

Analysis

Massachusetts Higher Education is a registered charity in United States, based in Hadley, MA. It received its IRS tax-exemption ruling in July 2000, 26 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, Massachusetts Higher Education reported income of $4.4m and spending of $3.8m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $4.4m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Higher Education sits at the 91st percentile: it is larger than about 91% 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 Burleigh County Council on Aging ($4.4m), Irvine Novaquatics ($4.4m) and Minnesota Humanities Center ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $258k (6.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $9.7m against liabilities of $1.6m, net assets of $8.1m. It reported 23 employees.