Community Foundation of North Central Massachusetts Inc

Analysis

Community Foundation of North Central Massachusetts Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in August 2001, 25 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 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, Community Foundation of North Central Massachusetts Inc reported income of $9.8m and spending of $6.1m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.6m to $9.8m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of North Central Massachusetts 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 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Tampa-Orlando-Pinellas Jewish Foundation Inc ($9.7m), Scintilla Charter Academy Inc ($9.8m) and Englewood Hospital and Medical Center Foundation Inc ($9.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 1.2% of the total. Other salaries and wages came to $483k. It paid $14k in professional fundraising fees. At year end it held assets of $79.6m against liabilities of $7.6m, net assets of $72.0m. It reported 6 employees.