The Nemasket Group Inc

Analysis

The Nemasket Group Inc is a registered charity in United States, based in Mattapoisett, MA. It received its IRS tax-exemption ruling in April 1985, 41 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 June 2024, The Nemasket Group Inc reported income of $4.2m and spending of $4.2m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.4m to $4.2m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Nemasket Group Inc sits at the 91st percentile: it is larger than about 91% 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 Career Path DC ($4.2m), New Mexico Community Capital ($4.2m) and Connecting for Children and Families Inc ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.2% and program service revenue 96% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $3.2m against liabilities of $1.7m, net assets of $1.5m. It reported 122 employees.