Massachusetts Manufacturing Extension Partnership Inc

Analysis

Massachusetts Manufacturing Extension Partnership Inc is a registered charity in United States, based in Auburn, MA. It received its IRS tax-exemption ruling in August 2000, 26 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 (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 2024, Massachusetts Manufacturing Extension Partnership Inc reported income of $11.7m and spending of $11.7m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.9m to $11.7m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Massachusetts Manufacturing Extension Partnership Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Aws Foundation ($11.7m), Sheet Metal Workers 104 & Bay Area Industry Training Fund ($11.7m) and The Corps Network ($11.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $1.3m (11% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $4.8m against liabilities of $2.6m, net assets of $2.1m. It reported 50 employees.