Williamstown Community Chest

Analysis

Williamstown Community Chest is a registered charity in United States, based in Williamstown, MA. It received its IRS tax-exemption ruling in October 1946, 80 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 September 2023, Williamstown Community Chest reported income of $438k and spending of $490k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $377k to $438k (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Williamstown Community Chest sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Agastya USA ($438k), New Mexico Cancer Center Foundation ($438k) and Healing Heroes Foundation Inc ($438k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $47k (9.5% of expenses). Other salaries and wages came to $20k. At year end it held assets of $2.1m against liabilities of $3,632, net assets of $2.1m. It reported 2 employees.