Massachusetts Wonderfund Inc

Analysis

Massachusetts Wonderfund Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Wonderfund Inc reported income of $10.5m and spending of $4.2m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $10.5m (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Massachusetts Wonderfund Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Desert Mission Inc ($10.5m), Southeast NM Community Action Corporation ($10.5m) and Hospice of Hilo ($10.5m).

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 $245k (5.9% of expenses). Other salaries and wages came to $290k. At year end it held assets of $17.2m against liabilities of $92k, net assets of $17.1m. It reported 5 employees.