Algonquin-Casino Management Inc

Analysis

Algonquin-Casino Management Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Algonquin-Casino Management Inc reported income of $103k and spending of $121k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $102k to $103k (+1.0%), an average of +0.3% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Algonquin-Casino Management Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Construct a Kids Christmas ($103k), Hope PKGS Inc ($103k) and Tailored for Success ($103k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $5,367. At year end it held assets of $693k against liabilities of $315k, net assets of $378k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.