Massachusetts Business Alliance for Education Inc

Analysis

Massachusetts Business Alliance for Education Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1995, 31 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 2023, Massachusetts Business Alliance for Education Inc reported income of $481k and spending of $925k, spending 192% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $401k to $481k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 84%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Business Alliance for Education Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Latinolead Inc ($481k), Genspace NYC ($481k) and Ohio Restaurant Association Education Foundation Inc ($481k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $189k (20% of expenses). Other salaries and wages came to $350k. At year end it held assets of $1.5m against liabilities of $45k, net assets of $1.5m. It reported 6 employees.