AIDS Project Worcester Inc

Analysis

AIDS Project Worcester Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, AIDS Project Worcester Inc reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.4m to $2.6m (+11%), an average of +3.5% a year. The sharpest change came in the year to March 2021, when income rose by 102%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, AIDS Project Worcester Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Rare Village Foundation ($2.6m), Community Free Clinic ($2.6m) and Access to Wholistic and Productive Living Incorporated ($2.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $117k (4.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.7m against liabilities of $1.2m, net assets of $2.5m. It reported 35 employees.