Associated Indutries of Massachusetts

Analysis

Associated Indutries of Massachusetts is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover science and technology, 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 December 2023, Associated Indutries of Massachusetts reported income of $120k and spending of $129k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $120k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Associated Indutries of Massachusetts sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Shenanigans Comedy Theatre Inc ($120k), H Lee White Marine Museum Guild Inc ($120k) and Greenbelt Labor Day Festival Committe Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $220k against liabilities of $708k, net assets of -$488k.