Massachusetts Regional Employment Board Association

Analysis

Massachusetts Regional Employment Board Association is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Regional Employment Board Association reported income of $441k and spending of $382k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $368k to $441k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Massachusetts Regional Employment Board Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Associated Builders and Contractors Craft Training Trust of Alaska ($441k), Downtown Sacramento Revitalization Corporation ($441k) and Flagship Enterprise Capital ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $227k (59% of expenses). At year end it held assets of $366k against liabilities of $27k, net assets of $339k. It reported 2 employees.