Western Massachusetts Training Consortium Inc

Analysis

Western Massachusetts Training Consortium Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Western Massachusetts Training Consortium Inc reported income of $14.9m and spending of $14.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $14.9m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Western Massachusetts Training Consortium Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Child Lane ($14.9m), New York Womens Foundation ($14.9m) and El Sol Neighborhood Educational Center ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Other salaries and wages came to $9.3m. At year end it held assets of $8.8m against liabilities of $4.4m, net assets of $4.4m. It reported 374 employees.