Massachusetts Head Start Association Inc

Analysis

Massachusetts Head Start Association Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Head Start Association Inc reported income of $334k and spending of $262k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $150k to $334k (+122%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 62%. 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, Massachusetts Head Start Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Washington Street Community Center Inc ($334k), Grace Christian School of Wildomar ($334k) and American Association of Public Health Dentists ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $109k (42% of expenses). Other salaries and wages came to $59k. At year end it held assets of $256k against liabilities of $11k, net assets of $245k. It reported 3 employees.