The Swasey Fund for Relief of Public School Teachers of Newburyp

Analysis

The Swasey Fund for Relief of Public School Teachers of Newburyp is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, The Swasey Fund for Relief of Public School Teachers of Newburyp reported income of $356k and spending of $405k, spending 114% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $579k to $356k (-39%), an average of -12% a year. The sharpest change came in the year to April 2023, when income dropped by 49%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Swasey Fund for Relief of Public School Teachers of Newburyp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Sep Foundation ($355k), Union County Assoc for Mentally Retarded & Handicapped Children ($356k) and Rotary Zones 33-34 Foundation ($355k).

Compensation of current officers, directors and key employees was $24k (5.9% of expenses). At year end it held assets of $10.2m against liabilities of $0, net assets of $10.2m.