Masshire Hampden County Workforce Board Inc

Analysis

Masshire Hampden County Workforce Board Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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 June 2024, Masshire Hampden County Workforce Board Inc reported income of $14.6m and spending of $14.5m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $10.9m to $14.6m (+34%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masshire Hampden County Workforce Board Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Cadence International ($14.6m), Veap Inc ($14.6m) and American Society for Reproductive Medicine ($14.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $389k (2.7% of expenses). Other salaries and wages came to $997k. At year end it held assets of $3.7m against liabilities of $2.0m, net assets of $1.7m. It reported 30 employees.