Audio Journal Inc

Analysis

Audio Journal Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in October 2000, 26 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, Audio Journal Inc reported income of $317k and spending of $262k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $294k to $317k (+7.9%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Audio Journal Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Foundations for Franklin County Inc ($317k), Buckhead Public Safety Foundation Inc ($317k) and Second Mile Outreach ($317k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $81k (31% of expenses). Other salaries and wages came to $40k. At year end it held assets of $941k against liabilities of $18k, net assets of $923k. It reported 5 employees.