Mansfield Innovative Anddevelopmental Services Inc

Analysis

Mansfield Innovative Anddevelopmental Services Inc is a registered charity in United States, based in Mansfield, MA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 January 2023, Mansfield Innovative Anddevelopmental Services Inc reported income of $591k and spending of $492k, spending 83% of its income. Across the 4 years on record, from January 2020 to January 2023, income grew from $320k to $591k (+85%), an average of +23% a year. The sharpest change came in the year to January 2022, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mansfield Innovative Anddevelopmental Services Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Southernmost Illinois Delta Empowerment Zone ($591k), Northern Rio Grande National Heritage Area Inc ($591k) and The Help Center ($591k).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $61k (12% of expenses). Other salaries and wages came to $235k. At year end it held assets of $297k against liabilities of $65k, net assets of $232k. It reported 13 employees.