Massdevelopment Hefa Trust

Analysis

Massdevelopment Hefa Trust is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Massdevelopment Hefa Trust reported income of $74k and spending of $247k, spending 333% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $282k to $74k (-74%), an average of -28% a year. The sharpest change came in the year to June 2020, when income rose by 105%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Massdevelopment Hefa Trust sits at the 35th percentile: it is larger than about 35% 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 Guardians of the Children ($74k), Victoria Rotary Foundation Inc ($74k) and Plano-Coudon Foundation Inc ($74k).

At year end it held assets of $9.3m against liabilities of $23k, net assets of $9.3m.