Masshire North Central Workforce Board Inc

Analysis

Masshire North Central Workforce Board Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover employment, 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 June 2023, Masshire North Central Workforce Board Inc reported income of $3.9m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.9m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Masshire North Central Workforce Board Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Business Outreach Center Network Inc ($3.9m), Enterprise Center Inc ($3.9m) and Accessability Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $154k (4.0% of expenses). Other salaries and wages came to $757k. At year end it held assets of $2.9m against liabilities of $2.7m, net assets of $211k. It reported 240 employees.