The Cambodian Mutual Assistance Association of Greater Lowell Inc

Analysis

The Cambodian Mutual Assistance Association of Greater Lowell Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, The Cambodian Mutual Assistance Association of Greater Lowell Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $650k to $1.5m (+131%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Cambodian Mutual Assistance Association of Greater Lowell Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Noble Learning Center ($1.5m), US Catholic Sisters Against Human Trafficking ($1.5m) and Berkshire Agriculture Ventures ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $114k (9.7% of expenses). Other salaries and wages came to $421k. At year end it held assets of $2.3m against liabilities of $155k, net assets of $2.1m. It reported 19 employees.