Massachusetts Communities Action Network Inc

Analysis

Massachusetts Communities Action Network Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Massachusetts Communities Action Network Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.3m to $1.3m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to March 2020, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Massachusetts Communities Action Network Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Virginia Biotechnology Research Park ($1.3m), Ontario County Four Seasons Local Development ($1.3m) and Preston County Workshop Inc ($1.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $175k (13% of expenses). Other salaries and wages came to $569k. At year end it held assets of $1.7m against liabilities of $98k, net assets of $1.6m. It reported 30 employees.