Massachusetts Foundation for Humanities & Public Policy Inc

Analysis

Massachusetts Foundation for Humanities & Public Policy Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 October 2023, Massachusetts Foundation for Humanities & Public Policy Inc reported income of $4.3m and spending of $4.2m, spending 98% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.1m to $4.3m (+107%), an average of +20% a year. The sharpest change came in the year to October 2023, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Massachusetts Foundation for Humanities & Public Policy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Ann Arbor Hands on Museum ($4.3m), Education Through Music Inc ($4.3m) and Houston Christian Broadcasters Inc ($4.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $6.8m against liabilities of $1.5m, net assets of $5.3m. It reported 11 employees.