Massachusetts Soldiers Legacy Fund

Analysis

Massachusetts Soldiers Legacy Fund is a registered charity in United States, based in Northborough, MA. It received its IRS tax-exemption ruling in February 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 Soldiers Legacy Fund reported income of $114k and spending of $492k, spending 430% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $296k to $114k (-61%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 242% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Soldiers Legacy Fund sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Oak Park Education Foundation Nonprofit Public Benefit Corp ($114k), Supporting Educational Enrichment in Daphnes Schools Inc ($114k) and Parent Booster USA Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. Compensation of current officers, directors and key employees was $102k (21% of expenses). At year end it held assets of $3.2m against liabilities of $27k, net assets of $3.1m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.