Friends of the Marblehead Public Schools Inc

Analysis

Friends of the Marblehead Public Schools Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Friends of the Marblehead Public Schools Inc reported income of $74k and spending of $63k, spending 85% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $91k to $74k (-18%), an average of -9.6% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Marblehead Public Schools Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Tedxnashville Inc ($74k), Winston Churchill I B Booster Club ($74k) and Alpha Chi Sigma Educational Foundation ($74k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $315k against liabilities of $20k, net assets of $295k.