Massachuesetts Education and Career Opportunties Inc

Analysis

Massachuesetts Education and Career Opportunties Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Massachuesetts Education and Career Opportunties Inc reported income of $4.2m and spending of $4.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachuesetts Education and Career Opportunties Inc sits at the 88th percentile: it is larger than about 88% 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 Bexar County Academy ($4.2m), Evergreen Elementary Inc ($4.2m) and The Oaks School ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $164k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.0m. It reported 38 employees.