Pal of Massachusetts Inc

Analysis

Pal of Massachusetts Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2022, Pal of Massachusetts Inc reported income of $590k and spending of $625k, spending 106% of what it took in. Across the 5 years on record, from October 2019 to December 2022, income fell from $599k to $590k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pal of Massachusetts Inc sits at the 79th percentile: it is larger than about 79% 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 Project Blue Corps ($590k), Hoops and Homework Inc ($590k) and Youth Village Inc ($590k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $195k (31% of expenses). Other salaries and wages came to $66k. At year end it held assets of $212k against liabilities of $6,922, net assets of $205k. It reported 2 employees.