Junior Aid Association of Malden

Analysis

Junior Aid Association of Malden is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 July 2024, Junior Aid Association of Malden reported income of $53k and spending of $88k, spending 166% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income grew from $32k to $53k (+65%), an average of +65% a year. The sharpest change came in the year to July 2024, when income rose by 65%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Junior Aid Association of Malden sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Circle of Hope Nicu Foundation Inc ($53k), Rotary Foundation of South Oldham I NC ($53k) and Shrewsbury Pitches in Inc ($53k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 0.7% and program service revenue 16% of the total. At year end it held assets of $3,343 against liabilities of $0, net assets of $3,343.