Mass Maritime Academy Alumni Assoc

Analysis

Mass Maritime Academy Alumni Assoc is a registered charity in United States, based in Buzzards Bay, MA. It received its IRS tax-exemption ruling in May 1990, 36 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 August 2023, Mass Maritime Academy Alumni Assoc reported income of $199k and spending of $214k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $110k to $199k (+80%), an average of +16% a year. The sharpest change came in the year to August 2020, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mass Maritime Academy Alumni Assoc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Small Hands Preschool and Child Care ($198k), Florida Electrical Association ($199k) and Kardia Classical School ($198k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 12% of the total. At year end it held assets of $317k against liabilities of $80k, net assets of $237k.