Service Club of Andover Inc

Analysis

Service Club of Andover Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in May 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Service Club of Andover Inc reported income of $65k and spending of $32k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,527 to $65k (+2490%), an average of +2490% a year. The sharpest change came in the year to December 2023, when income rose by 2490%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Service Club of Andover Inc 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 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include TWW Inc ($65k), Lions Club of Pataskala Charitable Foundation ($65k) and Alpha Enrichment Agency Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.