Massachusetts Partnerships for Youth Inc

Analysis

Massachusetts Partnerships for Youth Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in May 1989, 37 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 2023, Massachusetts Partnerships for Youth Inc reported income of $785k and spending of $810k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $289k to $785k (+172%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 221%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Partnerships for Youth Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include National Church Residences of Jefferson NJ Inc ($785k), Central Astoria Local Development Coalition Incorporated ($785k) and Jumping Mouse Childrens Center ($785k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $133k (16% of expenses). Other salaries and wages came to $227k. At year end it held assets of $868k against liabilities of $81k, net assets of $787k. It reported 5 employees.