Haverhill Education Foundation Inc

Analysis

Haverhill Education Foundation Inc is a registered charity in United States, based in Groveland, MA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Haverhill Education Foundation Inc reported income of $90k and spending of $12k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $914k to $90k (-90%), an average of -90% a year. The sharpest change came in the year to December 2023, when income dropped by 90%. Over the whole period it spent 1.6% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Haverhill Education Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Pioneer High School Robotics Inc ($90k), North America Volunteers Inc ($90k) and Branchport Free Library ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.