Massachusetts Avenue Project Inc

Analysis

Massachusetts Avenue Project Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Massachusetts Avenue Project Inc reported income of $1.1m and spending of $990k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $543k to $1.1m (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Massachusetts Avenue Project Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include All Aboard Learning Center ($1.1m), Village Ranch Child and Family Services Inc ($1.1m) and Atlantic Cape Family Support Organization Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $62k (6.2% of expenses). Other salaries and wages came to $401k. At year end it held assets of $2.6m against liabilities of $897k, net assets of $1.7m. It reported 32 employees.