Andover Committee for a Better Chance Inc

Analysis

Andover Committee for a Better Chance Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in July 1967, 59 years ago. 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 2024, Andover Committee for a Better Chance Inc reported income of $268k and spending of $216k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $228k to $268k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Andover Committee for a Better Chance Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Pentecostal Church Emmanuel Inc ($268k), Cuttyhunk Yacht Club Inc ($268k) and Zoo Conservation Outreach Group ($268k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $3,794, net assets of $1.1m.