Manufactoring Alliance Service Corporation Inc

Analysis

Manufactoring Alliance Service Corporation Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in May 1994, 32 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 September 2023, Manufactoring Alliance Service Corporation Inc reported income of $507k and spending of $497k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $226k to $507k (+125%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 72%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manufactoring Alliance Service Corporation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Faith 7 Activity Center Inc ($507k), Key Concepts Inc ($507k) and South Texas Youth Soccer ($507k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $350k. At year end it held assets of $400k against liabilities of $1,500, net assets of $398k. It reported 11 employees.